Stock-based Compensation (Tables)

9 Months Ended

Nov. 30, 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 nine month period ended November 30, 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	(22,417	)	57.47
Non-vested balance as of November 30, 2019	109,936		$	47.55

Restricted Stock Unit Awards Non-Vested

A summary of the Company’s non-vested restricted stock unit award activity (including DERs) for the nine month period ended November 30, 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	87,092		43.77
Vested	(81,069	)	54.73
Forfeited	(5,893	)	45.76
Non-vested balance as of November 30, 2019	146,662		$	44.46

Stock Appreciation Rights and Option Awards

A summary of the Company’s SARs activity for the nine month period ended November 30, 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 November 30, 2019	95,219		$	44.58
Exercisable as of November 30, 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):

	Nine Months Ended November 30,
	2019		2018
Compensation expense	$	4,904	$	3,335
Income tax benefits	$	1,030	$	700