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Share-based Compensation (Tables)
 12 Months Ended
Feb. 28, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Restricted Stock Unit Awards Non-Vested
A summary of the Company's RSU award activity (including DERs) for fiscal years 2021, 2020, and 2019 is as follows:
 
202120202019
Restricted Stock  UnitsWeighted Average  Grant Date Fair ValueRestricted Stock  UnitsWeighted Average  Grant Date Fair ValueRestricted Stock  UnitsWeighted Average  Grant Date Fair Value
Outstanding at beginning of year194,946 $44.34 146,532 $48.93 109,777 $56.62 
Granted131,120 28.78 140,070 43.86 84,895 42.05 
Vested(70,913)45.67 (84,595)54.63 (38,733)54.53 
Forfeited(28,707)36.59 (7,061)45.30 (9,407)53.46 
Outstanding at end of year226,446 $35.66 194,946 $44.34 146,532 $48.93 
Vested and expected to vest at end of year224,807 $35.56 193,718 $44.34 146,532 $48.93 
Share-based Payment Arrangement, Performance Shares, Outstanding Activity
A summary of the Company’s PSU award activity (including DERs) for fiscal years 2021, 2020, and 2019 is as follows:
202120202019
 Performance Stock Units  Weighted Average Grant Date Fair Value  Performance Stock Units  Weighted Average Grant Date Fair Value  Performance Stock Units  Weighted Average Grant Date Fair Value
Outstanding at the beginning of year109,936 $47.75 83,125 $49.74 70,030 $54.59 
Granted69,955 33.22 49,000 46.19 46,183 42.00 
Vested— — — — (3,378)46.65 
Forfeited(36,307)50.57 (22,189)55.08 (29,710)49.51 
Outstanding at the end of year143,584 $39.96 109,936 $47.75 83,125 $49.74 
Stock Appreciation Rights and Option Awards
A summary of the Company’s SAR activity for fiscal years 2021, 2020 and 2019 is as follows:
 
202120202019
 SARs  Weighted  Average Exercise  Price  SARs  Weighted  Average Exercise  Price  SARs  Weighted  Average Exercise  Price
Outstanding at beginning of year94,826 $44.58 98,184 $44.46 148,513 $43.29 
Granted— — — — — — 
Exercised(45,902)44.00 (2,965)44.58 (47,484)40.84 
Forfeited(43,489)45.10 (393)43.92 (2,845)43.92 
Outstanding at end of year5,435 $45.25 94,826 $44.58 98,184 $44.46 
Exercisable at the end of year5,435 $45.25 94,826 $44.58 98,184 $44.46 
Share-based Compensation Activity
The following table summarizes additional information about SARs outstanding at February 28, 2021.

Range of Exercise PricesSARs Outstanding and ExercisableAverage Remaining LifeWeighted Average Exercise Price
44.15 - 44.15
2,711 0.17$44.15 
46.34 - 46.34
2,724 0.5146.34 
44.15 - 46.34
5,435 0.34$45.25 
Share-based compensation expense and related income tax
The following table shows share-based compensation expense and the related income tax benefit included in the consolidated statements of income for fiscal years 2021, 2020 and 2019 (in thousands):
 
202120202019
Compensation expense$7,330 $6,290 $4,659 
Income tax benefits$1,539 $1,321 $978