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Earnings Per Share (Tables) | 9 Months Ended
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Nov. 30, 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 November 30, |  | Nine Months Ended November 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 26,890 |  |  | $ | 18,439 |  |  | $ | 83,744 |  |  | $ | 58,912 |
Dividends on preferred stock |  | (3,600) |  |  | (3,600) |  |  | (10,800) |  |  | (4,640) |
Numerator for basic earnings per share continuing operations |  | $ | 23,290 |  |  | $ | 14,839 |  |  | $ | 72,944 |  |  | $ | 54,272 |
Dividends on preferred stock |  | 3,600 |  |  | — |  |  | 10,800 |  |  | — |
Numerator for diluted earnings per share continuing operations |  | $ | 26,890 |  |  | $ | 14,839 |  |  | $ | 83,744 |  |  | $ | 54,272 |
Net loss from discontinued operations |  | $ | — |  |  | $ | (38,981) |  |  | $ | — |  |  | $ | (112,947) |
Net income (loss) available to common shareholders |  | $ | 23,290 |  |  | $ | (24,142) |  |  | $ | 72,944 |  |  | $ | (58,675) |
Dividends on preferred stock |  | 3,600 |  |  | — |  |  | 10,800 |  |  | — |
Numerator for diluted earnings per share—net income (loss) available to common shareholders |  | $ | 26,890 |  |  | $ | (24,142) |  |  | $ | 83,744 |  |  | $ | (58,675) |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares outstanding for basic earnings per share |  | 25,077 |  |  | 24,867 |  |  | 25,024 |  |  | 24,804 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Employee and director stock awards |  | 136 |  |  | 128 |  |  | 137 |  |  | 180 |
Series A Convertible Preferred Stock |  | 4,117 |  |  | — |  |  | 4,117 |  |  | — |
Denominator for diluted earnings per share |  | 29,330 |  |  | 24,995 |  |  | 29,278 |  |  | 24,984 |
Basic earnings (loss) per share |  |  |  |  |  |  |  |
Earnings per common share from continuing operations |  | $ | 0.93 |  |  | $ | 0.60 |  |  | $ | 2.91 |  |  | $ | 2.19 |
Loss per common share from discontinued operations |  | $ | — |  |  | $ | (1.57) |  |  | $ | — |  |  | $ | (4.55) |
Earnings (loss) per common share |  | $ | 0.93 |  |  | $ | (0.97) |  |  | $ | 2.91 |  |  | $ | (2.37) |
Diluted earnings (loss) per share |  |  |  |  |  |  |  |
Earnings per common share from continuing operations |  | $ | 0.92 |  |  | $ | 0.59 |  |  | $ | 2.86 |  |  | $ | 2.17 |
Loss per common share from discontinued operations |  | $ | — |  |  | $ | (1.56) |  |  | $ | — |  |  | $ | (4.52) |
Earnings (loss) per common share |  | $ | 0.92 |  |  | $ | (0.97) |  |  | $ | 2.86 |  |  | $ | (2.35) |

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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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