Earnings per Share

6 Months Ended

Aug. 31, 2016

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. We compute diluted earnings per share using the weighted average number of shares of common stock outstanding plus the effect of dilutive securities. Dilutive securities at any given point in time may consist of outstanding stock options, issued and contingently issuable unvested restricted share units (“RSUs”), and performance-based restricted share units (“PSUs”). Options for common stock are excluded from the computation of diluted earnings per share if their effect is antidilutive. See Note 15 to these consolidated condensed financial statements for more information regarding share-based payment awards.

For the periods covered below, the basic and diluted shares are as follows:

WEIGHTED AVERAGE DILUTED SECURITIES

(in thousands)


	Three Months Ended August 31,		Six Months Ended August 31,
	2016	2015	2016	2015
Weighted average shares outstanding, basic	27,845	28,435	27,809	28,478
Incremental shares from share-based payment arrangements	379	551	376	559
Weighted average shares outstanding, diluted	28,224	28,986	28,185	29,037

Dilutive securities, stock options	386	705	405	751
Dilutive securities, unvested or unsettled stock awards	324	291	329	292
Antidilutive securities, stock options	133	150	138	173