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Earnings Per Share
3 Months Ended
May 31, 2018
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 May 31,
 
 
2018
 
2017
Numerator:
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
15,718

 
$
12,062

Denominator:
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
25,984

 
26,012

Effect of dilutive securities:
 
 
 
 
Employee and director stock awards
 
50

 
81

Denominator for diluted earnings per common share
 
26,034

 
26,093

Earnings per share basic and diluted:
 
 
 
 
Basic earnings per common share
 
$
0.60

 
$
0.46

Diluted earnings per common share
 
$
0.60

 
$
0.46