Earnings Per Share

3 Months Ended

May 31, 2020

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 May 31,
	2020		2019
Numerator:
Net income for basic and diluted earnings per common share	$	5,541	$	21,284
Denominator:
Denominator for basic earnings per common share–weighted average shares	26,157		26,124
Effect of dilutive securities:
Employee and director equity awards	35		69
Denominator for diluted earnings per common share	26,192		26,193
Earnings per share basic and diluted:
Basic earnings per common share	$	0.21	$	0.81
Diluted earnings per common share	$	0.21	$	0.81