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Earnings per Share | 9 Months Ended
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Nov. 30, 2016
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. 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 November 30, |  | Nine Months Ended November 30,
|  | 2016 |  | 2015 |  | 2016 |  | 2015
Weighted average shares outstanding, basic |  | 27,484 |  | 28,129 |  | 27,700 |  | 28,361
Incremental shares from share-based payment arrangements |  | 318 |  | 505 |  | 358 |  | 542
Weighted average shares outstanding, diluted |  | 27,802 |  | 28,634 |  | 28,058 |  | 28,903
Dilutive securities, stock options |  | 325 |  | 505 |  | 401 |  | 553
Dilutive securities, unvested or unsettled stock awards |  | 163 |  | 269 |  | 163 |  | 292
Antidilutive securities, stock options |  | 149 |  | 139 |  | 142 |  | 162

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