Earnings per Share

12 Months Ended

Mar. 02, 2019

Basic earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding, including the dilutive effects of stock options, SARs and nonvested shares. The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share:



(In thousands)	2019	2018	2017
Basic earnings per share - weighted average common shares outstanding	27,802	28,534	28,781
Weighted average effect of nonvested share grants and assumed exercise of stock options	280	270	112
Diluted earnings per share - weighted average common shares and potential common shares outstanding	28,082	28,804	28,893
Stock awards excluded from the calculation of earnings per share because the award price was greater than the average market price of the common shares	134	141	—