Net (Loss) Income Per Common Share

6 Months Ended

Aug. 31, 2019

Net Income Per Common Share [Abstract]

Net (Loss) Income Per Common Share

(2) Net (Loss) Income Per Common Share

Basic net (loss) income per common share, net of non-controlling interest, is based upon the weighted-average common shares outstanding during the period. Diluted net (loss) income per common share, net of non-controlling interest, reflects the potential dilution that would occur if common stock equivalent securities or other contracts to issue common stock were exercised or converted into common stock.

There are no reconciling items which impact the numerator of basic and diluted net (loss) income per common share.  A reconciliation between the denominator of basic and diluted net (loss) income per common share is as follows:

	Three months ended August 31,				Six months ended August 31,
	2019		2018		2019		2018
Weighted-average common shares outstanding (basic)		24,481,477		24,355,791		24,457,482		24,355,791
Effect of dilutive securities:
Restricted stock		—		—		—		—
Weighted-average common shares and potential common shares outstanding (diluted)		24,481,477		24,355,791		24,457,482		24,355,791

Restricted stock totaling 657,015 and 615,267 for the three months ended August 31, 2019 and 2018, respectively, and 642,280 and 527,283 for the six months ended August 31, 2019 and 2018, respectively, were not included in the net (loss) income per diluted share calculation because the exercise price of the restricted stock was greater than the average market price of the Company’s common stock during these periods, or the inclusion of these components would have been anti-dilutive.