XML 22 R11.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share
 9 Months Ended
Nov. 30, 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 November 30,
 
Nine Months Ended November 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(Unaudited)
(In thousands except per share data)
Numerator:
 
 
 
 
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
18,251

 
$
23,547

 
$
49,337

 
$
60,714

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
26,005

 
25,823

 
25,974

 
25,787

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and director stock awards
 
128

 
154

 
130

 
133

Denominator for diluted earnings per common share
 
26,133

 
25,977

 
26,104

 
25,920

Earnings per share basic and diluted:
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.70

 
$
0.91

 
$
1.90

 
$
2.35

Diluted earnings per common share
 
$
0.70

 
$
0.91

 
$
1.89

 
$
2.34