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Shareholders' Equity
9 Months Ended
Nov. 30, 2018
Equity [Abstract]  
Shareholders' Equity

9. Shareholders’ Equity

The Board of Directors of the Company (the “Board”) has authorized the repurchase of the Company’s outstanding common stock through a stock repurchase program, which authorized amount is currently up to $40.0 million.  Under the repurchase program, share purchases may be made from time to time in the open market or through privately negotiated transactions depending on market conditions, share price, trading volume and other factors.  Such purchases, if any, will be made in accordance with applicable insider trading and other securities laws and regulations.  These repurchases may be commenced or suspended at any time or from time to time without prior notice.

During the nine months ended November 30, 2018 the Company, under the program, repurchased 234,823 shares of common stock at an average price of $19.42 per share.  Since the program’s inception in October 2008, there have been 1,677,059 common shares repurchased at an average price of $15.61 per share. As of November 30, 2018 there was $13.8 million available to repurchase shares of the Company’s common stock under the program.