Earnings per Share

12 Months Ended

Feb. 29, 2020

Note 23 - 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, PSUs, RSAs, PSAs and other stock-based awards (see Note 11). Anti-dilutive securities are not included in the computation of diluted earnings per share under the treasury stock method.

For fiscal 2020, 2019 and 2018, the components of basic and diluted shares were as follows:

WEIGHTED AVERAGE DILUTED SECURITIES



	Fiscal Years Ended Last Day of February,
(in thousands)	2020	2019	2018
Weighted average shares outstanding, basic	25,118	26,073	27,077
Incremental shares from share-based compensation arrangements	204	230	177
Weighted average shares outstanding, diluted	25,322	26,303	27,254
Antidilutive securities	197	262	319