Earnings Per Share

3 Months Ended

May 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 8 – Earnings Per Share

The following table sets forth the computation of earnings per share and earnings per share - assuming dilution:

	Three Months Ended
	May 31, 2013		May 25, 2012
Numerator (in thousands):
Net income		$33,393		$7,250
Denominator (in thousands):
Weighted average shares outstanding		32,115		35,506
Effect of dilutive securities:
Share-based payment awards		587		648
Weighted average shares outstanding – assuming dilution		32,702		36,154
Earnings per share		$   1.04		$   0.20
Earnings per share – assuming dilution		$   1.02		$   0.20

Approximately 3.2 million and 3.7 million stock options outstanding for the three month periods ended May 31, 2013 and May 25, 2012, respectively, were excluded from the computation of earnings per share–assuming dilution because the options’ exercise prices were greater than the average market price of the common shares during the respective periods.

The Corporation issued 0.3 million and 0.1 million Class A common shares upon exercise of employee stock options and vesting of equity awards during the three months ended May 31, 2013 and three months ended May 25, 2012, respectively.