Earnings Per Share

9 Months Ended

Nov. 30, 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 November 30,		Nine Months Ended November 30,
(in thousands)	2020	2019	2020	2019
Weighted average shares outstanding, basic	24,965	25,161	25,182	25,099
Incremental shares from share-based compensation arrangements	227	235	168	196
Weighted average shares outstanding, diluted	25,192	25,396	25,350	25,295



Anti-dilutive securities	4	134	149	217