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Earnings Per Share
 6 Months Ended
Aug. 31, 2019
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 August 31,
 
Six Months Ended August 31,
 
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
15,558

 
$
11,244

 
$
36,842

 
$
26,962

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
26,197

 
26,019

 
26,161

 
26,001

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and director equity awards
 
75

 
72

 
72

 
61

Denominator for diluted earnings per common share
 
26,272

 
26,091

 
26,233

 
26,062

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

 
$
0.43

 
$
1.41

 
$
1.04

Diluted earnings per common share
 
$
0.59

 
$
0.43

 
$
1.40

 
$
1.03