Earnings Per Share

9 Months Ended

Nov. 30, 2014

Earnings Per Share [Abstract]

EARNINGS PER SHARE

4.      EARNINGS PER SHARE

The shares used in the computation of the Company’s basic and diluted earnings per common share were as follows:

	For the three months ended November 30,				For the nine months  ended  November 30,
	2014		2013		2014		2013
Weighted average common shares outstanding		2,185,832		2,177,832		2,183,224		2,177,832
Dilutive effect of employee stock options		224,779		227,879		224,386		226,099
Weighted average common shares outstanding, assuming dilution		2,410,611		2,405,711		2,407,610		2,403,931

Weighted average common shares outstanding, assuming dilution, include the incremental shares that would be issued upon the assumed exercise of stock options. For the three and nine month periods ended November 30, 2014 and November 30, 2013, 0 shares underlying the Company's stock options were excluded from the calculation of diluted earnings per share because the exercise prices of the stock options were greater than or equal to the average price of the common shares, and therefore their inclusion would have been anti-dilutive.

These options could be dilutive in the future if the average share price increases and is greater than the exercise price of these options.