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Earnings per Share | 3 Months Ended
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May 31, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings per Share The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share (diluted EPS):
|  | Three Months Ended
(In thousands) |  | May 31, 2025 |  | June 1, 2024
Net (loss) earnings |  | $ | (2,688) |  |  | $ | 31,011 |
Basic earnings per share – weighted average common shares outstanding |  | 21,338 |  |  | 21,823 |
Weighted average effect of nonvested share grants and assumed exercise of stock options |  | — |  |  | 238 |
Diluted earnings per share – weighted average common shares and potential common shares outstanding (1) |  | 21,338 |  |  | 22,061 |
Stock awards excluded from the calculation of earnings per share because the effect was anti-dilutive (award price greater than average market price of the shares) |  | — |  |  | 87 |
Basic (loss) earnings per share |  | $ | (0.13) |  |  | $ | 1.42 |
Diluted (loss) earnings per share |  | $ | (0.13) |  |  | $ | 1.41 |
(1) In the first quarter of fiscal 2026, there were 224 shares excluded from the calculation of diluted loss per share, due to their anti-dilutive effect.

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