Equity Compensation (Tables)

12 Months Ended

Feb. 28, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Fair Values Determined Using Black-Scholes Option-Pricing Model with Weighted Average Assumptions

The fair values of all options granted were determined using a Black-Scholes option-pricing model with the following weighted average assumptions for each fiscal year:

	2015		2014		2013
Dividend yield	1.20	%	1.38	%	1.05	%
Volatility	36.6	%	53.4	%	58.3	%
Risk-free interest rate	1.70	%	0.84	%	0.95	%
Expected life	5.0 years		5.0 years		4.9 years

Reconciliation of Stock Option Activity

A reconciliation of the Company’s stock option activity and related information for fiscal 2015 is as follows:

	Number of Shares		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Outstanding at March 1, 2014	1,916,596		$	17.14
Granted	774,077		27.31
Exercised	(484,086	)	14.90			$	6,736,000
Forfeited	(190,264	)	24.64
Outstanding at February 28, 2015	2,016,323		$	20.90	7.5	$	9,073,000
Exercisable at February 28, 2015	494,987		$	13.84	5.0	$	5,267,000

Outstanding and Exercisable Options

The following table summarizes information concerning outstanding and exercisable options at February 28, 2015:

Range of Exercise Prices	Number Outstanding	Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price		Number Exercisable	Weighted-Average Exercise Price
$1.00 - $10.00	160,833	3.5	$	5.84	160,833	$	5.84
$10.01 - $15.00	107,673	3.6	12.93		107,673	12.93
$15.01 - $20.00	612,242	7.4	19.20		109,424	18.78
$20.01 - $25.00	539,663	7.7	21.52		116,475	21.04
$25.01 +	595,912	9.1	27.59		582	25.52
	2,016,323	7.5	$	20.90	494,987	$	13.84

Reconciliation of Restricted Stock Activity

A reconciliation of the Company’s restricted stock activity and related information for fiscal 2015 is as follows:

	Number of Shares		Weighted Average Grant  Date Fair Value
Unvested at March 1, 2014	792,729		$	20.47
Granted	221,603		27.10
Vested	(169,278	)	20.07
Forfeited	(118,856	)	20.82
Unvested at February 28, 2015	726,198		$	22.42