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Earnings Per Share
 6 Months Ended
Aug. 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 August 31,
 
Six Months Ended August 31,
 
 
2016
 
2015
 
2016
 
2015
 
 
(Unaudited)
(In thousands except per share data)
Numerator:
 
 
 
 
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
10,023

 
$
17,243

 
$
31,086

 
$
37,167

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,987

 
25,782

 
25,950

 
25,769

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and Director stock awards
 
132

 
140

 
131

 
123

Denominator for diluted earnings per common share
 
26,119

 
25,922

 
26,081

 
25,892

Earnings per share basic and diluted:
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.39

 
$
0.67

 
$
1.20

 
$
1.44

Diluted earnings per common share
 
$
0.38

 
$
0.67

 
$
1.19

 
$
1.44