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v3.6.0.2

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Nov. 30, 2016 | Nov. 30, 2015 | Nov. 30, 2016 | Nov. 30, 2015
Consolidated Statements of Income |  |  |  |
Sales revenue, net | $ 444,414 | $ 445,503 | $ 1,160,522 | $ 1,159,977
Cost of goods sold | 250,199 | 262,979 | 650,912 | 686,129
Gross profit | 194,215 | 182,524 | 509,610 | 473,848
Selling, general and administrative expense ("SG&A") | 130,896 | 126,891 | 378,506 | 356,240
Asset impairment charges |  |  | 7,400 | 3,000
Operating income | 63,319 | 55,633 | 123,704 | 114,608
Nonoperating income, net | 106 | 142 | 343 | 233
Interest expense | (3,625) | (2,741) | (11,142) | (8,135)
Income before income taxes | 59,800 | 53,034 | 112,905 | 106,706
Income tax expense (benefit): |  |  |  |
Current | 4,928 | 3,842 | 16,625 | 17,564
Deferred | (2,740) | 2,414 | (8,713) | (2,498)
Net income | $ 57,612 | $ 46,778 | $ 104,993 | $ 91,640
Earnings per share: |  |  |  |
Basic (in dollars per share) | $ 2.10 | $ 1.66 | $ 3.79 | $ 3.23
Diluted (in dollars per share) | $ 2.07 | $ 1.63 | $ 3.74 | $ 3.17
Weighted average shares of common stock used in computing net earnings per share: |  |  |  |
Basic (in shares) | 27,484 | 28,129 | 27,700 | 28,361
Diluted (in shares) | 27,802 | 28,634 | 28,058 | 28,903

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