v2.4.0.8
Net Earnings Per Share
6 Months Ended
Aug. 31, 2013
Net Earnings Per Share [Abstract]  
Net Earnings Per Share

11.Net Earnings per Share

 

Basic net earnings per share is computed by dividing net earnings available for basic common shares by the weighted average common shares outstanding during the period.  Diluted net earnings per share is computed by dividing net earnings available for diluted common shares by the sum of weighted average common shares outstanding and dilutive  potential common shares.

 

Basic and Dilutive Net Earnings Per Share Reconciliations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

Six Months Ended

 

 

August 31

August 31

(In thousands except per share data)

 

2013

2012

2013

2012

Net earnings

 

$

140,274 

 

$

111,636 

 

$

286,925 

 

$

232,382 

 

Weighted average common shares outstanding

 

 

223,610 

 

 

228,366 

 

 

224,114 

 

 

228,069 

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

3,319 

 

 

2,958 

 

 

3,257 

 

 

3,196 

 

Stock-settled restricted stock units

 

 

705 

 

 

372 

 

 

722 

 

 

484 

 

Weighted average common shares and dilutive

 

 

 

 

 

 

 

 

 

 

 

 

 

potential common shares

 

 

227,634 

 

 

231,696 

 

 

228,093 

 

 

231,749 

 

Basic net earnings per share

 

$

0.63 

 

$

0.49 

 

$

1.28 

 

$

1.02 

 

Diluted net earnings per share

 

$

0.62 

 

$

0.48 

 

$

1.26 

 

$

1.00 

 

 

Certain weighted-average options to purchase shares of common stock were outstanding and not included in the calculation of diluted net earnings per share because their inclusion would have been antidilutive.  For the three months ended August 31, 2013 and 2012, weighted-average options to purchase 1,426,163 shares and 4,266,794 shares of common stock, respectively, were not included.  For the six months ended August 31, 2013 and 2012, weighted-average options to purchase 1,073,635 shares and 3,678,076 shares, respectively, were not included.