Stock-based Compensation (Tables)

6 Months Ended

Aug. 31, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

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, 2020 is as follows:

	Restricted Stock Units	Weighted Average Grant Date Fair  Value Per Share
Outstanding at beginning of period	194,946	$	44.34
Granted	129,620	28.61
Vested	(63,621)	45.95
Forfeited	(22,492)	37.24
Outstanding at end of period	238,453	$	35.94

Share-based Compensation, Performance Shares Award Unvested Activity

A summary of the Company’ non-vested performance share unit award activity (including DERs) for the six month period ended August 31, 2020 is as follows:

	Performance Stock Units	Weighted Average Grant Date Fair Value Per Share
Outstanding at the beginning of the period	109,936	$	47.75
Granted	69,955	33.22
Vested	—	—
Forfeited	(36,307)	54.00
Outstanding at the end of the period	143,584	$	39.09

Stock Appreciation Rights and Option Awards

A summary of the Company’s SARs activity for the six month period ended August 31, 2020 is as follows:

	SARs	Weighted Average Exercise Price
Outstanding at beginning of period	94,826	$	44.58
Granted	—	—
Exercised	—	—
Forfeited	(2,539)	44.69
Outstanding at end of the period	92,287	$	44.58
Exercisable at the ending of the period	92,287	$	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,
	2020		2019
Compensation expense	$	4,083	$	3,086
Income tax benefits	$	453	$	648