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Earnings Per Share (Notes) | 12 Months Ended
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Feb. 28, 2017
Earnings Per Share [Abstract] |
Earnings per share | Earnings per share Basic earnings per share is based on the weighted average number of shares outstanding during each year. Diluted earnings per share were similarly computed but have been adjusted for the dilutive effect of the weighted average number of restricted stock units, performance share units and stock appreciation rights outstanding. The following table sets forth the computation of basic and diluted earnings per share:
|  | Year Ended
|  | 2017 |  | 2016 |  | 2015
|  | (Restated) |  | (Restated) |  | (Restated)
|  | (In thousands, except per share data)
Numerator: |  |  |  |  |  |
Net income for basic and diluted earnings per common share |  | $ | 61,264 |  |  | $ | 75,544 |  |  | $ | 65,616 |
Denominator: |  |  |  |  |  |
Denominator for basic earnings per common share–weighted average shares |  | 25,965 |  |  | 25,800 |  |  | 25,676 |
Effect of dilutive securities: |  |  |  |  |  |
Employee and director stock awards |  | 132 |  |  | 137 |  |  | 102 |
Denominator for diluted earnings per common share |  | 26,097 |  |  | 25,937 |  |  | 25,778 |
Earnings per share basic and diluted: |  |  |  |  |  |
Basic earnings per common share |  | $ | 2.36 |  |  | $ | 2.93 |  |  | $ | 2.56 |
Diluted earnings per common share |  | $ | 2.35 |  |  | $ | 2.91 |  |  | $ | 2.55 |
For fiscal 2017 and 2016, the Company had no stock appreciation rights that were excluded from the computation of diluted earnings per share. Stock appreciation rights of approximately 80,683 were excluded from the computation of diluted earnings per share for fiscal 2015 as the effect would be anti-dilutive.

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