Shareholders' Equity (Tables)

9 Months Ended

Nov. 30, 2020

Reconciliation of Shares Used in Calculation of Basic and Dilutive Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share for the three-month and nine month periods ended November 30, 2020 and 2019 (in thousands, except per share data):

	Net Income (Loss)			Weighted Average Common Shares Outstanding		Earnings (Loss) Per  Share
Three months ended November 30, 2020
Basic	$	1,880			5,878	$	0.32
Effect of dilution:
Options		—			200		—
Diluted	$	1,880			6,078	$	0.31
Three months ended November 30, 2019
Basic	$	(628	)		5,878	$	(0.11	)
Effect of dilution:
Options		—			—		—
Diluted	$	(628	)		5,878	$	(0.11	)

	Net Income (Loss)			Weighted Average Common  Shares Outstanding		Earnings (Loss) Per Share
Nine months ended November 30, 2020
Basic	$	872			5,878	$	0.15
Effect of dilution:
Options		—			200		—
Diluted	$	872			6,078	$	0.14
Nine months ended November 30, 2019
Basic	$	(1,389	)		5,878	$	(0.24	)
Effect of dilution:
Options		—			—		—
Diluted	$	(1,389	)		5,878	$	(0.24	)