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Net Earnings Per Share
6 Months Ended
Aug. 31, 2024
Earnings Per Share [Abstract]  
Net Earnings Per Share 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.  Diluted net earnings per share is calculated using the “if-converted” treasury stock method.
Basic and Dilutive Net Earnings Per Share Reconciliations
 Three Months EndedSix Months Ended
 August 31August 31
(In thousands except per share data)2024202320242023
Net earnings$132,809 $118,635 $285,249 $346,933 
Weighted average common shares outstanding155,866 158,479 156,513 158,298 
Dilutive potential common shares:
Stock options349 581 316 373 
Stock-settled stock units and awards311 178 287 229 
Weighted average common shares and dilutive potential common shares156,526 159,238 157,116 158,900 
Basic net earnings per share$0.85 $0.75 $1.82 $2.19 
Diluted net earnings per share$0.85 $0.75 $1.82 $2.18 
 
Certain 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.  On a weighted average basis, for the three months ended August 31, 2024 and 2023, options to purchase 5,083,556 shares and 3,508,300 shares of common stock, respectively, were not included. For the six months ended August 31, 2024 and 2023, options to purchase 5,133,763 shares and 5,518,543 shares of common stock, respectively, were not included.