Earnings Per Share

6 Months Ended

Aug. 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 August 31,			Six Months Ended August 31,
(in thousands)	2020	2019	2020	2019
Weighted average shares outstanding, basic	25,325	25,116	25,289	25,068
Incremental shares from share-based compensation arrangements	133	129	139	177
Weighted average shares outstanding, diluted	25,458	25,245	25,428	25,245



Anti-dilutive securities	180	166	221	259