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Earnings Per Share
 9 Months Ended
Nov. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Earnings per share is based on the weighted average number of shares outstanding during each period, adjusted for the dilutive effect of stock awards.
The following table sets forth the computation of basic and diluted earnings per share:
 
 
 
Three Months ended November 30,
 
Nine Months Ended November 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
(Unaudited)
(In thousands except per share data)
Numerator:
 
 
 
 
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
23,547

 
$
19,965

 
$
60,714

 
$
48,659

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,823

 
25,700

 
25,787

 
25,660

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and Director stock awards
 
154

 
94

 
133

 
104

Denominator for diluted earnings per common share
 
25,977

 
25,794

 
25,920

 
25,764

Earnings per share basic and diluted:
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.91

 
$
0.78

 
$
2.35

 
$
1.90

Diluted earnings per common share
 
$
0.91

 
$
0.77

 
$
2.34

 
$
1.89