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Stock-based Compensation (Tables)
 9 Months Ended
Nov. 30, 2014
Share-based Compensation [Abstract]  
Restricted Stock Unit Awards Non-Vested
The activity of our non-vested restricted stock unit awards for the nine month period ended November 30, 2014 is as follows:
 
 
 
Restricted
Stock  Units
 
Weighted
Average  Grant
Date Fair Value
Non-Vested Balance as of February 28, 2014
 
70,352

 
$
34.95

Granted
 
48,616

 
42.89

Vested
 
(16,766
)
 
23.44

Forfeited
 
(12,875
)
 
40.87

Non-Vested Balance as of November 30, 2014
 
89,327

 
$
40.58
Stock Appreciation Rights and Option Awards
A summary of the Company’s stock appreciation rights and option awards activity for the nine month period ended November 30, 2014 is as follows:
 
 
 
Options/SAR’s
 
Weighted Average
Exercise  Price
Outstanding as of February 28, 2014
 
396,174

 
$
26.64

Granted
 
126,532

 
43.92

Exercised
 
(95,928
)
 
22.79

Forfeited
 
(24,300
)
 
43.01

Outstanding as of November 30, 2014
 
402,478

 
$
32.00

Exercisable as of November 30, 2014
 
198,600

 
$
21.03

Weighted average fair value of options and SARs granted during the period ended November 30, 2014
 
 
 
$
16.94
Share-based compensation expense and related income tax
Share-based compensation expense and related income tax benefits related to all the plans listed above were as follows:
 
Period ended November 30,
 
2014
 
2013
Compensation Expense
 
$
3,342,071

 
$
2,988,596

Income tax benefits
 
$
1,169,725

 
$
1,046,009