Earnings Per Share (Tables)

12 Months Ended

Feb. 28, 2023

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 for fiscal years 2023, 2022 and 2021 (in thousands, except per share data):

	Year Ended February 28,
	2023		2022		2021
Numerator:
Net income from continuing operations	$	66,339	$	49,817	$	27,183
Dividends on preferred stock	(8,240)		—		—
Net income from continuing operations available to common shareholders	$	58,099	$	49,817	$	27,183
Net income (loss) from discontinued operations	$	(119,313)	$	34,205	$	12,431
Net income (loss) available to common shareholders	$	(61,214)	$	84,022	$	39,614
Denominator:
Weighted average shares outstanding for basic earnings per share	24,828		24,855		25,897
Effect of dilutive securities:
Employee and director stock awards	150		222		148
Denominator for diluted earnings per share	24,978		25,077		26,045
Basic earnings (loss) per share
Earnings (loss) per common share from continuing operations	$	2.34	$	2.00	$	1.05
Earnings (loss) per common share from discontinued operations	$	(4.81)	$	1.38	$	0.48
Earnings (loss) per common share	$	(2.47)	$	3.38	$	1.53
Diluted earnings (loss) per share
Earnings (loss) per common share from continuing operations	$	2.33	$	1.99	$	1.04
Earnings (loss) per common share from discontinued operations	$	(4.78)	$	1.36	$	0.48
Earnings (loss) per common share	$	(2.45)	$	3.35	$	1.52