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Earnings (loss) per Share
 12 Months Ended
Feb. 28, 2015
Earnings Per Share [Abstract]  
Earnings (loss) per Share

(12) Earnings (loss) per Share

Basic earnings (loss) per share have been computed by dividing net earnings (loss) by the weighted average number of common shares outstanding during the applicable period. Diluted earnings (loss) per share reflect the potential dilution that could occur if stock options or other contracts to issue common shares were exercised or converted into common stock. The following table sets forth the computation for basic and diluted earnings (loss) per share for the fiscal years ended:

 

     2015      2014      2013  

Basic weighted average common shares outstanding

      25,864,352         26,125,348         26,035,571   

Effect of dilutive options

      —           20,977         17,881   
  

 

 

     

 

 

     

 

 

  

Diluted weighted average common shares outstanding

   25,864,352      26,146,325      26,053,452   
  

 

 

     

 

 

     

 

 

  

Per share amounts:

Net earnings (loss) – basic

 $ (1.72 )  $ 0.50    $ 0.95   
  

 

 

     

 

 

     

 

 

  

Net earnings (loss) – diluted

 $ (1.72 )  $ 0.50    $ 0.95   
  

 

 

     

 

 

     

 

 

  

Cash dividends

 $ 0.70    $ 0.53    $ 0.88   
  

 

 

     

 

 

     

 

 

  

The Company treats unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) as participating securities, which are included in the computation of earnings (loss) per share pursuant to the two-class method. The Company’s participating securities are comprised of unvested restricted stock.