Earnings Per Share

9 Months Ended

Nov. 30, 2019

Note 18 - 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 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 November 30,		Nine Months Ended November 30,
(in thousands)	2019	2018	2019	2018
Weighted average shares outstanding, basic	25,161	26,057	25,099	26,321
Incremental shares from share-based compensation arrangements	235	309	196	199
Weighted average shares outstanding, diluted	25,396	26,366	25,295	26,520

Anti-dilutive securities	134	137	217	281