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Earnings (Loss) per Share (Tables)
9 Months Ended
Nov. 30, 2014
Earnings Per Share [Abstract]  
Computation for Basic and Diluted Earnings Per Share

The following table sets forth the computation for basic and diluted earnings per share for the periods indicated:

 

     Three months ended      Nine months ended  
     November 30,      November 30,  
     2014     2013      2014     2013  

Basic weighted average common shares outstanding

     25,753,345        26,126,437         25,926,157        26,107,307   

Effect of dilutive options

     —          30,424         —          22,542   
  

 

 

   

 

 

    

 

 

   

 

 

 

Diluted weighted average common shares outstanding

     25,753,345        26,156,861         25,926,157        26,129,849   
  

 

 

   

 

 

    

 

 

   

 

 

 

Per share amounts:

         

Net earnings – basic

   $ (2.76   $ 0.36       $ (2.05   $ 1.06   
  

 

 

   

 

 

    

 

 

   

 

 

 

Net earnings – diluted

   $ (2.76   $ 0.36       $ (2.05   $ 1.06   
  

 

 

   

 

 

    

 

 

   

 

 

 

Cash dividends

   $ 0.175      $ 0.175       $ 0.525      $ 0.350