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Earnings (loss) per Share (Tables)
3 Months Ended
May 31, 2017
Earnings Per Share [Abstract]  
Computation for Basic and Diluted Earnings (loss) per Share

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

 

     Three months ended
May 31,
 
     2017      2016  

Basic weighted average common shares outstanding

     25,422,856        25,783,770  

Effect of dilutive options

     13,931        26,965  
  

 

 

    

 

 

 

Diluted weighted average common shares outstanding

     25,436,787        25,810,735  
  

 

 

    

 

 

 

Earnings (loss) per share—basic and diluted

     

Earnings per share on continuing operations

   $ 0.31      $ 0.26  

Earnings per share on discontinued operations

     —          0.10  

Loss per share on sale of discontinued operations

     —          (1.01
  

 

 

    

 

 

 

Loss on discontinued operations

     —          (0.91
  

 

 

    

 

 

 

Net earnings (loss)

   $ 0.31      $ (0.65
  

 

 

    

 

 

 

Cash dividends

   $ 0.175      $ 0.175