Earnings Per Share (Tables)

12 Months Ended

Feb. 29, 2024

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 2024, 2023 and 2022 (in thousands, except per share data):

	Year Ended February 29/28,
	2024		2023		2022
Numerator:
Net income from continuing operations	$	101,607	$	66,339	$	49,817
Dividends on preferred stock	(14,400)		(8,240)		—
Numerator for basic earnings per share continuing operations	$	87,207	$	58,099	$	49,817
Numerator for diluted earnings per share continuing operations	$	87,207	$	58,099	$	49,817
Net loss from discontinued operations	$	—	$	(119,313)	$	34,205
Net income (loss) available to common shareholders	$	87,207	$	(61,214)	$	84,022
Numerator for diluted earnings per share—net income (loss) available to common shareholders	$	87,207	$	(61,214)	$	84,022
Denominator:
Weighted average shares outstanding for basic earnings per share	25,041		24,828		24,855
Effect of dilutive securities:
Employee and director stock awards	168		150		222
Denominator for diluted earnings per share	25,209		24,978		25,077
Basic earnings (loss) per share
Earnings per common share from continuing operations	$	3.48	$	2.34	$	2.00
Loss per common share from discontinued operations	$	—	$	(4.81)	$	1.38
Earnings (loss) per common share	$	3.48	$	(2.47)	$	3.38
Diluted earnings (loss) per share
Earnings per common share from continuing operations	$	3.46	$	2.33	$	1.99
Loss per common share from discontinued operations	$	—	$	(4.78)	$	1.36
Earnings (loss) per common share	$	3.46	$	(2.45)	$	3.35