Earnings per Share

12 Months Ended

Feb. 28, 2018

Note 22 – 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 10 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 2018, 2017 and 2016, the components of basic and diluted shares were as follows:

WEIGHTED AVERAGE DILUTED SECURITIES


	Fiscal Years Ended the Last Day of February,
(in thousands)	2018	2017	2016
Weighted average shares outstanding, basic	27,077	27,522	28,273
Incremental shares from share-based compensation arrangements	177	369	476
Weighted average shares outstanding, diluted	27,254	27,891	28,749

Dilutive securities, stock options	230	365	317
Dilutive securities, unvested or unsettled stock awards	114	186	227
Antidilutive securities	319	137	159