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Earnings per Share
 9 Months Ended
Nov. 30, 2012
Earnings per Share  
Earnings per Share

Note 4 – Earnings per Share

 

We compute basic earnings per share using the weighted average number of shares of common stock outstanding during the period and diluted earnings per share using basic earnings per share plus the effect of dilutive securities.   Our securities that can have dilutive effects consist of outstanding options to purchase common stock and contingently issuable unvested restricted share units and awards.

 

For the periods covered in the accompanying consolidated condensed statements of income, the basic and diluted shares are as follows:

 

WEIGHTED AVERAGE DILUTED SECURITIES

(in thousands)

 

 

 

Three Months Ended November 30,

 

Nine Months Ended November 30,

 

 

 

2012

 

2011

 

 

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

 

31,775

 

31,592

 

 

 

31,739

 

31,246

 

Incremental shares from share-based payment arrangements

 

 

195

 

74

 

 

 

146

 

439

 

Weighted average shares outstanding, diluted

 

 

31,970

 

31,666

 

 

 

31,885

 

31,685

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive securities, in-the-money options

 

 

354

 

507

 

 

 

348

 

576

 

Dilutive securities, restricted share units and awards

 

 

143

 

-

 

 

 

143

 

-

 

Antidilutive securities, as a result of out-of-the-money options

612

 

490

 

 

 

618

 

421