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Shareholders' Equity
3 Months Ended
May 31, 2019
Equity [Abstract]  
Shareholders' Equity

10. Shareholders’ Equity

The Company’s board of directors 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 three months ended May 31, 2019 the Company, under the program, repurchased 62,038 shares of common stock at an average price of $19.54 per share.  Since the program’s inception in October 2008, there have been 1,752,062 common shares repurchased at an average price of $15.78 per share. As of May 31, 2019 there was $12.4 million available to repurchase shares of the Company’s common stock under the program.