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Net Earnings Per Share
 6 Months Ended
Aug. 31, 2014
Net Earnings Per Share [Abstract]  
Net Earnings Per Share

 12.Net Earnings per Share

 

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

 

Basic and Dilutive Net Earnings Per Share Reconciliations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

Six Months Ended

 

 

August 31

August 31

(In thousands except per share data)

 

2014

2013

2014

2013

Net earnings

 

$
154,518 

 

$
140,274 

 

$
324,171 

 

$
286,925 

 

Weighted average common shares outstanding

 

 
218,180 

 

 
223,610 

 

 
219,224 

 

 
224,114 

 

Dilutive potential common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 
2,269 

 

 
3,319 

 

 
2,520 

 

 
3,257 

 

Stock-settled restricted stock units and awards

 

 
621 

 

 
705 

 

 
607 

 

 
722 

 

Weighted average common shares and dilutive

 

 

 

 

 

 

 

 

 

 

 

 

 

potential common shares

 

 
221,070 

 

 
227,634 

 

 
222,351 

 

 
228,093 

 

Basic net earnings per share

 

$
0.71 

 

$
0.63 

 

$
1.48 

 

$
1.28 

 

Diluted net earnings per share

 

$
0.70 

 

$
0.62 

 

$
1.46 

 

$
1.26 

 

 

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, 2014 and 2013, weighted-average options to purchase 2,885,903 shares and 1,426,163 shares of common stock, respectively, were not included.  For the six months ended August 31, 2014 and 2013, weighted-average options to purchase 2,586,357 shares and 1,073,635 shares respectively, were not included.