SHAREHOLDERS' EQUITY

12 Months Ended

Feb. 29, 2012

SHAREHOLDERS' EQUITY [Abstract]

SHAREHOLDERS' EQUITY

8. SHAREHOLDERS' EQUITY

Common Stock Repurchase Program

In October 1998, the Company's Board of Directors approved a common stock repurchase program, allowing the Company to repurchase up to one million shares of its common stock on the open market or in private transactions. The Board of Directors authorized the repurchase of additional shares in one million share increments in July 2000, July 2002, November 2007 and April 2008, and an additional two million shares in May 2011, bringing the total authorized repurchases to seven million shares as of February 29, 2012. As of February 29, 2012, the Company has repurchased approximately 5.8 million shares of its common stock at a cumulative cost of $131.1 million under this program, including 1,338,349 shares repurchased at a cost of $30.0 million in fiscal 2012. There was no share repurchase activity in fiscal 2011 or 2010.

The Company withheld 4,821 and 38,972 shares at a cost of $0.1 million and $1.0 million in the three and twelve month periods ended February 29, 2012, respectively, as part of an ongoing program to fund employee tax withholdings required on restricted shares vesting each period.