Earnings per Share

12 Months Ended

Feb. 28, 2014

Earnings Per Share [Abstract]

Earnings per Share

(12) 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 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 per share for the fiscal years ended:

	2014		2013		2012
Basic weighted average common shares outstanding		26,125,348		26,035,571		25,946,107
Effect of dilutive options		20,977		17,881		21,570
Diluted weighted average common shares outstanding		26,146,325		26,053,452		25,967,677
Per share amounts:
Net earnings – basic	$	0.50	$	0.95	$	1.21
Net earnings – diluted	$	0.50	$	0.95	$	1.21
Cash dividends	$	0.53	$	0.88	$	0.62

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 pursuant to the two-class method. The Company’s participating securities are comprised of unvested restricted stock.