XML 29 R22.htm IDEA: XBRL DOCUMENT
v3.24.3

Earnings Per Share | 6 Months Ended
--- | ---
Aug. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | 14. Earnings Per Share Basic earnings per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the applicable period. Diluted earnings per share reflect the potential dilution that could occur if stock options, performance-based RSUs or other contracts to issue common shares were exercised or converted into common stock. This is calculated using the treasury stock method. The following table sets forth the computation for basic and diluted earnings per share for the periods indicated:
|  | Three months ended |  |  | Six months ended |
|  | August 31, |  |  | August 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Basic weighted average common shares outstanding |  |  | 26,009,876 |  |  |  | 25,886,058 |  |  |  | 26,015,195 |  |  |  | 25,858,154 |
Effect of dilutive stock options, restricted stock, time-based RSUs and performance-based RSUs |  |  | 44,623 |  |  |  | 164,925 |  |  |  | 140,966 |  |  |  | 152,585 |
Diluted weighted average common shares outstanding |  |  | 26,054,499 |  |  |  | 26,050,983 |  |  |  | 26,156,161 |  |  |  | 26,010,739 |
Earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Net earnings - basic |  | $ | 0.40 |  |  | $ | 0.42 |  |  | $ | 0.81 |  |  | $ | 0.87 |
Net earnings - diluted |  | $ | 0.40 |  |  | $ | 0.42 |  |  | $ | 0.80 |  |  | $ | 0.87 |
Cash dividends per share |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | 0.50 |  |  | $ | 0.50 |
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 per share. Our unvested restricted shares participate on an equal basis with common shares; therefore, there is no difference in undistributed earnings allocated to each participating security. Accordingly, the presentation above is prepared on a combined basis. For the three months ended August 31, 2024, 49,932 shares related to stock options were not included in the computation of earnings per diluted share as they were considered anti-dilutive. For the six months ended August 31, 2024, and for the three and six months ended August 31, 2023, 52,500 shares related to outstanding stock options were not included in the computation of earnings per diluted share as they were considered anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration