Earnings per Share

3 Months Ended

May 31, 2019

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, PSUs, RSAs, PSAs and other stock based awards. See Note 8 to these condensed consolidated financial statements for more information regarding stock-based awards. Anti-dilutive securities are not included in the computation of diluted earnings per share under the treasury stock method.

The following table presents our weighted average basic and diluted shares for the periods shown:



	Three Months Ended May 31,
(in thousands)	2019	2018
Weighted average shares outstanding, basic	25,019	26,521
Incremental shares from share-based compensation arrangements	226	93
Weighted average shares outstanding, diluted	25,245	26,614

Antidilutive securities	352	511