Earnings Per Share (Tables)

9 Months Ended

Nov. 30, 2022

Earnings Per Share [Abstract]

Computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended November 30,				Nine Months Ended November 30,
	2022		2021		2022		2021
Numerator:
Net income from continuing operations	$	18,439	$	13,107	$	58,912	$	38,988
Dividends on preferred stock	(3,600)		—		(4,640)		—
Net income from continuing operations available to common shareholders	14,839		13,107		54,272		38,988
Net income (loss) from discontinued operations	$	(38,981)	$	7,978	$	(112,947)	$	23,412
Net income (loss) available to common shareholders	$	(24,142)	$	21,085	$	(58,675)	$	62,400
Denominator:
Weighted average shares outstanding for basic earnings per share	24,867		24,729		24,804		24,910
Effect of dilutive securities:
Employee and director stock awards	128		216		180		222
Denominator for diluted earnings per share	24,995		24,945		24,984		25,132
Earnings per common share from continuing operations:
Basic earnings per share	$	0.60	$	0.53	$	2.19	$	1.57
Diluted earnings per share	$	0.59	$	0.53	$	2.17	$	1.55
Earnings per common share from discontinued operations:
Basic earnings per share	$	(1.57)	$	0.32	$	(4.55)	$	0.94
Diluted earnings per share	$	(1.56)	$	0.32	$	(4.52)	$	0.93
Earnings per common share:
Basic earnings per share	$	(0.97)	$	0.85	$	(2.37)	$	2.51
Diluted earnings per share	$	(0.97)	$	0.85	$	(2.35)	$	2.48