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Earnings per Share (Tables)
9 Months Ended
Nov. 30, 2015
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
November 30,
     Nine months ended
November 30,
 
     2015      2014      2015      2014  

Basic weighted average common shares outstanding

     25,684,026         25,753,345         25,665,069         25,926,157   

Effect of dilutive options

     44,118         —           27,861         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average common shares outstanding

     25,728,144         25,753,345         25,692,930         25,926,157   
  

 

 

    

 

 

    

 

 

    

 

 

 

Per share amounts:

           

Net earnings (loss) – basic

   $ 0.42       $ (2.76    $ 1.20       $ (2.05
  

 

 

    

 

 

    

 

 

    

 

 

 

Net earnings (loss) – diluted

   $ 0.41       $ (2.76    $ 1.20       $ (2.05
  

 

 

    

 

 

    

 

 

    

 

 

 

Cash dividends

   $ 0.175       $ 0.175       $ 0.525       $ 0.525