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Earnings Per Share
 3 Months Ended
May 31, 2016
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 May 31,
 
 
2016
 
2015
 
 
(Unaudited)
(In thousands except per share data)
Numerator:
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
21,063

 
$
19,924

Denominator:
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,913

 
25,756

Effect of dilutive securities:
 
 
 
 
Employee and Director stock awards
 
130

 
106

Denominator for diluted earnings per common share
 
26,043

 
25,862

Earnings per share basic and diluted:
 
 
 
 
Basic earnings per common share
 
$
0.81

 
$
0.77

Diluted earnings per common share
 
$
0.81

 
$
0.77