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Earnings Per Share (Tables) | 6 Months Ended
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Aug. 31, 2022
Earnings Per Share [Abstract] |
Computation of basic and diluted earnings per share | The following table sets forth the computation of basic and diluted earnings per share from continuing, discontinued, and consolidated operations (in thousands, except per share data):
|  | Three Months Ended August 31, |  | Six Months Ended August 31,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Numerator: |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 25,120 |  |  | $ | 14,268 |  |  | $ | 40,485 |  |  | $ | 25,881 |
Dividends on preferred stock |  | (1,040) |  |  | — |  |  | (1,040) |  |  | — |
Net income from continuing operations available to common shareholders |  | 24,080 |  |  | 14,268 |  |  | 39,445 |  |  | 25,881 |
After-tax interest expense for Convertible Notes |  | 2,006 |  |  | — |  |  | 2,554 |  |  | — |
Dividends on preferred stock |  | 1,040 |  |  | — |  |  | 1,040 |  |  | — |
Numerator for diluted earnings per share continuing operations |  | $ | 27,126 |  |  | $ | 14,268 |  |  | $ | 43,039 |  |  | $ | 25,881 |
Net income (loss) from discontinued operations |  | $ | (82,690) |  |  | $ | 4,710 |  |  | $ | (73,978) |  |  | $ | 15,434 |
Consolidated net income (loss) available to common shareholders |  | $ | (58,610) |  |  | $ | 18,978 |  |  | $ | (34,533) |  |  | $ | 41,315 |
After-tax interest expense for Convertible Notes |  | 2,006 |  |  | — |  |  | 2,554 |  |  | — |
Dividends on preferred stock |  | 1,040 |  |  | — |  |  | 1,040 |  |  | — |
Numerator for diluted earnings per share consolidated net income (loss) available to common shareholders |  | $ | (55,564) |  |  | $ | 18,978 |  |  | $ | (30,939) |  |  | $ | 41,315 |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares outstanding for basic earnings per share |  | 24,836 |  |  | 24,947 |  |  | 24,772 |  |  | 24,999 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Employee and director stock awards |  | 106 |  |  | 188 |  |  | 172 |  |  | 217 |
Convertible Notes |  | 2,953 |  |  | — |  |  | 1,902 |  |  | — |
Series A Convertible Preferred Stock |  | 1,164 |  |  | — |  |  | 582 |  |  | — |
Denominator for diluted earnings per share |  | 29,059 |  |  | 25,135 |  |  | 27,428 |  |  | 25,216 |
Earnings per common share from continuing operations: |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 0.97 |  |  | $ | 0.57 |  |  | $ | 1.59 |  |  | $ | 1.04 |
Diluted earnings per share |  | $ | 0.93 |  |  | $ | 0.57 |  |  | $ | 1.57 |  |  | $ | 1.03 |
Earnings per common share from discontinued operations: |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | (3.33) |  |  | $ | 0.19 |  |  | $ | (2.99) |  |  | $ | 0.62 |
Diluted earnings per share |  | $ | (2.85) |  |  | $ | 0.19 |  |  | $ | (2.70) |  |  | $ | 0.61 |
Earnings per common share from consolidated operations: |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | (2.36) |  |  | $ | 0.76 |  |  | $ | (1.39) |  |  | $ | 1.65 |
Diluted earnings per share |  | $ | (1.91) |  |  | $ | 0.76 |  |  | $ | (1.13) |  |  | $ | 1.64 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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