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Stock Option Plan and Stock Based Compensation (Tables) | 12 Months Ended
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Feb. 28, 2022
Share-based Payment Arrangement [Abstract] |
Summary of Stock Options | The following occurred with respect to the Company’s stock options for each of the three years ended February 28, 2022:
|  |  |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  | Weighted |  |  | Average |  |  | Aggregate |
|  | Number |  |  | Average |  |  | Remaining |  |  | Intrinsic |
|  | of Shares |  |  | Exercise |  |  | Contractual |  |  | Value(a) |
|  | (exact quantity) |  |  | Price |  |  | Life (in years) |  |  | (in thousands) |
Outstanding at March 1, 2019 |  |  | 61,590 |  |  | $ | 15.88 |  |  |  | 1.8 |  |  | $ | 327 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |
Terminated |  |  | — |  |  |  | — |  |  |  |  |  |  |
Exercised |  |  | (61,590 | ) |  |  | 15.88 |  |  |  |  |  |  |
Outstanding at February 29, 2020 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
(a) Intrinsic value is measured as the excess fair market value of the Company’s common stock as reported on the NYSE over the applicable exercise price.
Summary of Stock Options Exercised and Tax Benefits Realized from Stock Based Compensation | A summary of the stock options exercised and tax benefits realized from stock based compensation is presented below for the three fiscal years ended (in thousands):
|  | Fiscal years ended |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Total grant-date fair value |  | $ | — |  |  | $ | — |  |  | $ | 201 |
Intrinsic value |  |  | — |  |  |  | — |  |  |  | 267 |
Summary of Restricted Stock Awards and Restricted Stock Units Activity | The following occurred with respect to the Company’s restricted stock awards for each of the three fiscal years ended February 28, 2022:
|  |  |  | Weighted |
|  |  |  | Average |
| Number of |  |  | Grant Date |
| Shares |  |  | Fair Value |
Outstanding at March 1, 2019 |  | 155,105 |  |  | $ | 19.03 |
Granted |  | 66,669 |  |  |  | 20.41 |
Terminated |  | (3,920 | ) |  |  | 17.02 |
Vested |  | (73,928 | ) |  |  | 18.90 |
Outstanding at February 29, 2020 |  | 143,926 |  |  | $ | 19.79 |
Granted |  | 59,315 |  |  |  | 17.09 |
Terminated |  | (10,098 | ) |  |  | 19.00 |
Vested |  | (73,414 | ) |  |  | 19.16 |
Outstanding at March 1, 2021 |  | 119,729 |  |  | $ | 18.90 |
Granted |  | 51,920 |  |  |  | 20.31 |
Terminated |  | — |  |  |  | — |
Vested |  | (104,485 | ) |  |  | 19.70 |
Outstanding at February 28, 2022 |  | 67,164 |  |  | $ | 18.73 |
The following occurred with respect to the Company’s restricted stock units for each of the fiscal year ended February 28, 2022:
| Time-based |  |  | Performance-based |
|  |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  | Average |  |  |  |  |  | Average |
| Number of |  |  | Grant Date |  |  | Number of |  |  | Grant Date |
| Shares |  |  | Fair Value |  |  | Shares |  |  | Fair Value |
Outstanding at March 1, 2021 |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Granted |  | 44,494 |  |  |  | 20.38 |  |  |  | 177,977 |  |  |  | 23.17 |
Terminated |  | (9,423 | ) |  |  | 20.38 |  |  |  | (37,690 | ) |  |  | 23.17 |
Vested |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Outstanding at November 30, 2021 |  | 35,071 |  |  | $ | 20.38 |  |  |  | 140,287 |  |  | $ | 23.17 |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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