Earnings Per Share (Tables)

9 Months Ended

Nov. 30, 2018

Earnings Per Share [Abstract]

Computation of basic and diluted earnings per share

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.