Stock-based Compensation (Tables)

6 Months Ended

Aug. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation, Performance Shares Award Unvested Activity [Table Text Block]

A summary of the Company’ non-vested performance share unit award activity (including DERs) for the six month period ended August 31, 2019 is as follows:

	Performance Stock Units		Weighted Average Grant Date Fair Value Per Share
Non-vested balance as of February 28, 2019	83,125		$	50.33
Granted	49,228		46.19
Vested	—		—
Forfeited	(19,331	)	57.47
Non-vested balance as of August 31, 2019	113,022		$	47.49

Restricted Stock Unit Awards Non-Vested

A summary of the Company’s non-vested restricted stock unit award activity (including DERs) for the six month period ended August 31, 2019 is as follows:

	Restricted Stock Units		Weighted Average Grant Date Fair  Value Per Share
Non-vested balance as of February 28, 2019	146,532		$	48.93
Granted	89,980		43.77
Vested	(52,430	)	49.11
Forfeited	(2,501	)	47.60
Non-vested balance as of August 31, 2019	181,581		$	47.82

Stock Appreciation Rights and Option Awards

A summary of the Company’s stock appreciation right activity for the six month period ended August 31, 2019 is as follows:

	SARs		Weighted Average Exercise Price
Outstanding as of February 28, 2019	98,184		$	44.46
Granted	—		—
Exercised	(2,965	)	44.58
Forfeited	—		—
Outstanding as of August 31, 2019	95,219		$	44.58
Exercisable as of August 31, 2019	95,219		$	44.58

Share-based compensation expense and related income tax

Share-based compensation expense and related income tax benefits related to all the plans listed above were as follows (in thousands):

	Six Months Ended August 31,
	2019		2018
Compensation expense	$	3,086	$	3,659
Income tax benefits	$	648	$	823