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Earnings Per Share
 9 Months Ended
Nov. 30, 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 Company 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 November 30,
 
Nine Months Ended November 30,
 
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
 
Net income for basic and diluted earnings per common share
 
$
22,035

 
$
15,395

 
$
58,877

 
$
42,357

Denominator:
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share–weighted average shares
 
26,234

 
26,064

 
26,185

 
26,022

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Employee and director equity awards
 
29

 
87

 
61

 
70

Denominator for diluted earnings per common share
 
26,263

 
26,151

 
26,246

 
26,092

Earnings per share basic and diluted:
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.84

 
$
0.59

 
$
2.25

 
$
1.63

Diluted earnings per common share
 
$
0.84

 
$
0.59

 
$
2.24

 
$
1.62