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Common Shares and Stock Based Compensation (Tables)
12 Months Ended
Feb. 29, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option transactions and prices
                                 
    Number of Class
A Options
    Weighted-
Average
Exercise Price
    Weighted-Average
Remaining
Contractual
Term (in years)
    Aggregate
Intrinsic  Value

(in thousands)
 

Outstanding at February 28, 2011

        4,526,821          $ 20.12       6.0     $ 14,278  

Granted

    -            -                  

Exercised

    (682,297)           23.25                  

Expired

    (32,391)           20.67                  

Forfeited

    (214,706)           24.72                  
   

 

 

                         

Outstanding at February 29, 2012

        3,597,427         $ 20.96       5.2     $ 3,375  
   

 

 

                         

Exercisable at February 29, 2012

        3,339,219         $ 20.69       5.2     $ 3,375  

 

                                 
    Number of Class
B Options
    Weighted-
Average
Exercise Price
    Weighted-Average
Remaining
Contractual
Term (in years)
    Aggregate
Intrinsic Value

(in thousands)
 

Outstanding at February 28, 2011

        1,166,395         $ 19.96       5.7     $ 2,578  

Granted

    -           -                  

Exercised

    (245,250)          24.60                  

Expired

    (63,564)          22.26                  

Forfeited

    -           -                  
   

 

 

                         

Outstanding at February 29, 2012

    857,581         $ 23.06       4.7     $ 420  
   

 

 

                         

Exercisable at February 29, 2012

    722,415         $ 24.11       4.5     $ -  
Estimated fair value of the different class of stocks under the assumptions of Black-Scholes option-pricing model
                 
    2011     2010  

Risk-free interest rate

    1.4     1.3

Dividend yield

    2.3     6.0

Expected stock volatility

    0.81       0.71  

Expected life in years

    2.3       2.4  
                         
    Number of
Class B
Performance
Shares
    Weighted-Average
Remaining
Contractual
Term (in years)
    Aggregate
Intrinsic Value
(in thousands)
 

Unvested at February 28, 2011

         141,000           1.3     $ 3,053  

Credited

    -                      

Vested

    (94,000)                     

Forfeited

    -                      
   

 

 

                 

Unvested at February 29, 2012

    47,000           1.0     $ 705  
   

 

 

                 

The fair value of the performance shares was estimated using the Black-Scholes option-pricing model with the following assumptions:

 

                 
            2011                     2010          

Risk-free interest rate

    1.62     1.54

Dividend yield

    4.38     4.48

Expected stock volatility

    0.76       0.78  

Expected life in years

    2.5       2.3  
Summary of the activity related to performance shares and restricted stock units
                         
    Number of
Class A
Performance
Shares
    Weighted-Average
Remaining
Contractual
Term (in years)
    Aggregate
Intrinsic Value
(in thousands)
 

Unvested at February 28, 2011

    751,500           1.3     $ 16,270  

Credited

    -                      

Vested

        (482,500)                     

Forfeited

    (20,000)                     
   

 

 

                 

Unvested at February 29, 2012

    249,000           1.0     $ 3,735  
   

 

 

                 
                         
    Number of
Class A
Restricted Stock
Units
    Weighted-Average
Remaining
Contractual
Term (in years)
    Aggregate
Intrinsic Value
(in thousands)
 

Unvested at February 28, 2011

    110,749       0.7     $ 2,398  

Granted

    248,416                  

Vested

    (50,803                

Forfeited

    (16,867                
   

 

 

                 

Unvested at February 29, 2012

    291,495       0.6     $ 4,372  
   

 

 

                 
                         
    Number of
Class B
Restricted Stock
Units
    Weighted-Average
Remaining
Contractual
Term (in years)
    Aggregate
Intrinsic Value
(in thousands)
 

Unvested at February 28, 2011

    29,675       1.1     $ 642  

Granted

    54,870                  

Vested

    (10,276                

Forfeited

                     
   

 

 

                 

Unvested at February 29, 2012

    74,269       1.0     $ 1,114  
   

 

 

                 
                 
            2012                     2011          

Risk-free interest rate

    0.67     1.09

Dividend yield

    2.6     2.3

Expected stock volatility

    0.59       0.90  

Expected life in years

    1.6       1.6