Earnings Per Share

12 Months Ended

Mar. 03, 2013

Earnings Per Share [Abstract]

Earnings Per Share

7. EARNINGS PER SHARE

     Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the potential common stock equivalents outstanding during the period. Stock options are the only common stock equivalents; and the number of dilutive options is computed using the treasury stock method.

The following table sets forth the calculation of basic and diluted earnings per share (amounts in thousands, except per share amounts):

				Fiscal Year
		2013		2012		2011
Net Earnings	$	16,961	$	23,442	$	32,621
Weighted average common shares
outstanding for basic EPS		20,801		20,746		20,628
Net effect of dilutive options		22		46		47
Weighted average shares
outstanding for diluted EPS		20,823		20,792		20,675
Basic earnings per share	$	0.82	$	1.13	$	1.58
Diluted earnings per share	$	0.81	$	1.13	$	1.58

     Common stock equivalents, which were not included in the computation of diluted earnings per share because either the effect would have been antidilutive or the options' exercise prices were greater than the average market price of the common stock, were approximately 423,000, 197,000 and 20,000 for the 2013, 2012 and 2011 fiscal years, respectively.