Net (Loss) Income Per Common Share

9 Months Ended

Nov. 30, 2021

Net Income Per Common Share [Abstract]

(3)	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 November 30,				Nine months ended November 30,
	2021		2020		2021		2020
Weighted-average common shares outstanding (basic)		24,289,909		24,197,786		24,279,084		24,196,393
Effect of dilutive securities:
Restricted stock units, stock grants, and market stock units		—		479,739		—		335,936
Weighted-average common shares and potential common shares outstanding (diluted)		24,289,909		24,677,525		24,279,084		24,532,329

Restricted stock units, stock grants, and market stock units of 650,325 and 0 for the three months ended November 30, 2021 and 2020, respectively, and 695,589 and 17,009 for the nine months ended November 30, 2021 and 2020, respectively, were not included in the net (loss) income per diluted share calculation because the grant price of the restricted stock units, stock grants, and market stock units 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.