Earnings per Share

12 Months Ended

Feb. 28, 2019

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 9 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 2019, 2018 and 2017, the components of basic and diluted shares were as follows:

WEIGHTED AVERAGE DILUTED SECURITIES



	Fiscal Years Ended February 28,
(in thousands)	2019	2018	2017
Weighted average shares outstanding, basic	26,073	27,077	27,522
Incremental shares from share-based compensation arrangements	230	177	369
Weighted average shares outstanding, diluted	26,303	27,254	27,891
Antidilutive securities	262	319	137