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Earnings Per Share (Tables) | 6 Months Ended
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Aug. 31, 2023
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 (in thousands, except per share data):
|  | Three Months Ended August 31, |  | Six Months Ended August 31,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 28,332 |  |  | $ | 25,120 |  |  | $ | 56,854 |  |  | $ | 40,485 |
Dividends on preferred stock |  | (3,600) |  |  | (1,040) |  |  | (7,200) |  |  | (1,040) |
Numerator for basic earnings per share continuing operations |  | $ | 24,732 |  |  | $ | 24,080 |  |  | $ | 49,654 |  |  | $ | 39,445 |
After-tax interest expense for Convertible Notes |  | — |  |  | 2,006 |  |  | — |  |  | 2,554 |
Dividends on preferred stock |  | 3,600 |  |  | 1,040 |  |  | 7,200 |  |  | 1,040 |
Numerator for diluted earnings per share continuing operations |  | $ | 28,332 |  |  | $ | 27,126 |  |  | $ | 56,854 |  |  | $ | 43,039 |
Net loss from discontinued operations |  | $ | — |  |  | $ | (82,690) |  |  | $ | — |  |  | $ | (73,978) |
Net income (loss) available to common shareholders |  | $ | 24,732 |  |  | $ | (58,610) |  |  | $ | 49,654 |  |  | $ | (34,533) |
After-tax interest expense for Convertible Notes |  | — |  |  | 2,006 |  |  | — |  |  | 2,554 |
Dividends on preferred stock |  | 3,600 |  |  | 1,040 |  |  | 7,200 |  |  | 1,040 |
Numerator for diluted earnings per share—net income (loss) available to common shareholders |  | $ | 28,332 |  |  | $ | (55,564) |  |  | $ | 56,854 |  |  | $ | (30,939) |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares outstanding for basic earnings per share |  | 25,054 |  |  | 24,836 |  |  | 24,997 |  |  | 24,772 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Employee and director stock awards |  | 39 |  |  | 106 |  |  | 82 |  |  | 172 |
Convertible Notes |  | — |  |  | 2,953 |  |  | — |  |  | 1,902 |
Series A Convertible Preferred Stock |  | 4,117 |  |  | 1,164 |  |  | 4,117 |  |  | 582 |
Denominator for diluted earnings per share |  | 29,210 |  |  | 29,059 |  |  | 29,196 |  |  | 27,428 |
Basic earnings (loss) per share |  |  |  |  |  |  |  |
Earnings per common share from continuing operations |  | $ | 0.99 |  |  | $ | 0.97 |  |  | $ | 1.99 |  |  | $ | 1.59 |
Loss per common share from discontinued operations |  | $ | — |  |  | $ | (3.33) |  |  | $ | — |  |  | $ | (2.99) |
Earnings (loss) per common share |  | $ | 0.99 |  |  | $ | (2.36) |  |  | $ | 1.99 |  |  | $ | (1.39) |
Diluted earnings (loss) per share |  |  |  |  |  |  |  |
Earnings per common share from continuing operations |  | $ | 0.97 |  |  | $ | 0.93 |  |  | $ | 1.95 |  |  | $ | 1.57 |
Loss per common share from discontinued operations |  | $ | — |  |  | $ | (2.85) |  |  | $ | — |  |  | $ | (2.70) |
Earnings (loss) per common share |  | $ | 0.97 |  |  | $ | (1.91) |  |  | $ | 1.95 |  |  | $ | (1.13) |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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