Earnings Per Share

12 Months Ended

Feb. 28, 2026

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 (see Note 8). 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 outstanding for the periods shown:


	Fiscal Years Ended Last Day of February,
(in thousands)	2026	2025	2024
Weighted average shares outstanding, basic	23,002	23,012	23,865
Incremental shares from share-based compensation arrangements	—	53	105
Weighted average shares outstanding, diluted (1)	23,002	23,065	23,970



Anti-dilutive securities	378	131	44

(1)Due to the net loss for fiscal 2026, 97 thousand incremental shares from share-based compensation arrangements were excluded from the computation of diluted weighted average shares outstanding because their effect would be anti-dilutive.