Earnings Per Share

3 Months Ended

May 31, 2020

Note 19 - 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. Anti-dilutive securities are not included in the computation of diluted earnings per share under the treasury stock method. See Note 9 to these condensed consolidated financial statements for more information regarding stock-based awards.

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


	Three Months Ended May 31,
(in thousands)	2020	2019
Weighted average shares outstanding, basic	25,254	25,019
Incremental shares from share-based compensation arrangements	143	226
Weighted average shares outstanding, diluted	25,397	25,245



Anti-dilutive securities	262	352