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Earnings Per Share
 9 Months Ended
Nov. 30, 2017
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 (in thousands, expect per share data):
 
 
 
Three Months Ended November 30,
 
Nine Months Ended November 30,
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
(Restated)
 
 
 
(Restated)
Numerator:
 
 
 
 
 
 
 
 
Net income (loss) for basic and diluted earnings per common share
 
$
(166
)
 
$
16,646

 
$
21,682

 
$
48,994

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,965

 
26,005

 
25,982

 
25,974

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and director stock awards
 
—

 
128

 
67

 
130

Denominator for diluted earnings per common share
 
25,965

 
26,133

 
26,049

 
26,104

Earnings (loss) per share basic and diluted:
 
 
 
 
 
 
 
 
Basic earnings (loss) per common share
 
$
(0.01
)
 
$
0.64

 
$
0.83

 
$
1.89

Diluted earnings (loss) per common share
 
$
(0.01
)
 
$
0.64

 
$
0.83

 
$
1.88

For the three months ended November 30, 2017, 0.1 million shares related to employee and director stock awards were excluded from the diluted shares outstanding count as the effect was anti-dilutive.