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SHARE-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Feb. 29, 2012
SHARE-BASED COMPENSATION PLANS  
Schedule of share based payment expense

(in thousands, except per share data)

 

 

 

Fiscal Years Ended the Last Day of February,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Stock options

 

$

2,061

 

$

1,603

 

$

1,403

 

Restricted stock grants

 

531

 

258

 

176

 

Employee stock purchase plan

 

336

 

156

 

165

 

Share-based payment expense

 

2,928

 

2,017

 

1,744

 

Less income tax benefits

 

(99

)

(99

)

(87

)

Share-based payment expense, net of income tax benefits

 

$

2,829

 

$

1,918

 

$

1,657

 

 

 

 

 

 

 

 

 

Earnings per share impact of share based payment expense:

 

 

 

 

 

 

 

Basic

 

$

0.09

 

$

0.06

 

$

0.05

 

Diluted

 

$

0.09

 

$

0.06

 

$

0.05

Schedule of assumptions used for fair value of stock option grants

 

 

 

Fiscal Years Ended the Last Day of February,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Range of risk free interest rates used

 

0.6% - 1.5%

 

1.2% - 1.7%

 

1.7% - 2.0%

 

Expected dividend rate

 

0.0%

 

0.0%

 

0.0%

 

Weighted average volatility rate

 

52.5%

 

50.0%

 

50.6%

 

Range of expected volatility rates used

 

51.4% - 65.9%

 

49.4% - 53.0%

 

45.5% - 55.5%

 

Range of expected terms used (in years)

 

4.1 - 4.4

 

3.4

 

4.1 - 4.6

Summary of option activity

(in thousands, except contractual term and per share data)

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

Weighted

 

Average

 

 

 

 

 

 

 

Average

 

Average

 

Remaining

 

 

 

 

 

 

 

Exercise

 

Grant Date

 

Contractual

 

 

 

 

 

 

 

Price

 

Fair Value

 

Term

 

Intrinsic

 

 

 

Options

 

(per share)

 

(per share)

 

(in years)

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at February 28, 2011

 

2,510

 

$

17.64

 

$

6.40

 

3.05

 

$

26,054

 

Grants

 

379

 

32.71

 

13.13

 

 

 

 

 

Exercises

 

(1,907

)

(16.10

)

 

 

 

 

36,912

 

Forfeitures / expirations

 

(111

)

(27.91

)

 

 

 

 

 

 

Outstanding at February 29, 2012

 

871

 

$

26.26

 

$

10.31

 

5.78

 

$

5,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at February 29, 2012

 

254

 

$

23.91

 

$

8.66

 

3.59

 

$

2,190

Schedule of non-vested option activity

(in thousands, except per share data)

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Non-Vested

 

Fair Value

 

 

 

Options

 

(per share)

 

 

 

 

 

 

 

Outstanding at February 28, 2011

 

496

 

$

8.42

 

Grants

 

379

 

13.13

 

Vested or forfeited

 

(258

)

(9.19

)

Outstanding at February 29, 2012

 

617

 

$

10.99

Schedule of unrecognized share-based compensation expense

(in thousands, except weighted average expense period data)

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

Unrecognized

 

Period of

 

 

 

Compensation

 

Recognition

 

 

 

Expense

 

(in months)

 

 

 

 

 

 

 

Stock options

 

$

4,385

 

35.0