Earnings per Share

12 Months Ended

Feb. 28, 2017

Note 2 – 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 options to purchase common stock and issued and contingently issuable unvested RSUs and PSUs. See Note 16 to these consolidated financial statements for more information regarding RSUs, PSUs and other performance based stock awards. Options for common stock are excluded from the computation of diluted earnings per share if their effect is antidilutive.

For fiscal 2017, 2016 and 2015, the components of basic and diluted shares were as follows:

WEIGHTED AVERAGE DILUTED SECURITIES


	Fiscal Years Ended the Last Day of February,
(in thousands)	2017	2016	2015
Weighted average shares outstanding, basic	27,522	28,273	28,579
Incremental shares from share-based payment arrangements	369	476	456
Weighted average shares outstanding, diluted	27,891	28,749	29,035

Dilutive securities, stock options	365	317	647
Dilutive securities, unvested or unsettled stock awards	186	227	273
Antidilutive securities, stock options	137	159	239