Earnings per Share

6 Months Ended

Aug. 31, 2013

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 issued and contingently issuable unvested restricted share units and awards. See Note 14 to these consolidated condensed financial statements for more information regarding these restricted share units and awards. Options for common stock are excluded from the computation of diluted earnings per share if their effect is antidilutive.

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 August 31,		Six Months Ended August 31,
	2013	2012	2013	2012

Weighted average shares outstanding, basic	31,993	31,743	31,951	31,721
Incremental shares from share-based payment arrangements	279	103	275	122
Weighted average shares outstanding, diluted	32,272	31,846	32,226	31,843

Dilutive securities, as a result of in-the-money options	347	380	273	376
Dilutive securities, as a result of unvested restricted shares	251	-	242	-
Antidilutive securities, as a result of out-of-the-money options	603	617	700	621

- Definition

The entire disclosure for earnings per share.

+ References+ Details