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Earnings Per Share
 9 Months Ended
Nov. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings (Loss) Per Share
Earnings (loss) 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 (loss) per share (in thousands, expect per share data):
 
 
 
Three Months Ended November 30,
 
Nine Months Ended November 30,
 
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
 
Net income (loss) for basic and diluted earnings per common share
 
$
15,395

 
$
(166
)
 
$
42,357

 
$
21,682

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
26,064

 
25,965

 
26,022

 
25,982

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and director stock awards
 
87

 
—

 
70

 
67

Denominator for diluted earnings per common share
 
26,151

 
25,965

 
26,092

 
26,049

Earnings (loss) per share basic and diluted:
 
 
 
 
 
 
 
 
Basic earnings (loss) per common share
 
$
0.59

 
$
(0.01
)
 
$
1.63

 
$
0.83

Diluted earnings (loss) per common share
 
$
0.59

 
$
(0.01
)
 
$
1.62

 
$
0.83

For the three months ended November 30, 2017, approximately 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.