Stock-based Compensation (Tables)

9 Months Ended

Nov. 30, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Restricted Stock Unit Awards Non-Vested

A summary of the Company’s non-vested restricted stock unit award activity (including DERs) for the nine months ended November 30, 2020 is as follows:

	Restricted Stock  Units	Weighted Average  Grant Date Fair Value
Outstanding as of February 29, 2020	194,946	$	44.34
Granted	131,120	28.78
Vested	(72,747)	45.67
Forfeited	(26,124)	36.82
Outstanding as of November 30, 2020	227,195	$	35.65

Share-based Compensation, Performance Shares Award Unvested Activity

A summary of the Company’ non-vested performance share unit award activity (including DERs) for the nine months ended November 30, 2020 is as follows:

	Performance Stock Units	Weighted Average Grant Date Fair Value
Outstanding as of February 29, 2020	109,936	$	47.75
Granted	69,955	33.22
Vested	—	—
Forfeited	(36,307)	50.54
Outstanding as of November 30, 2020	143,584	$	39.97

Stock Appreciation Rights and Option Awards

A summary of the Company’s SARs activity for the nine months ended November 30, 2020 is as follows:

	Options/SAR’s	Weighted Average Exercise  Price
Outstanding as of February 29, 2020	94,826	$	44.58
Granted	—	—
Exercised	—	—
Forfeited	(43,489)	45.10
Outstanding as of November 30, 2020	51,337	$	44.13
Exercisable as of November 30, 2020	51,337	$	44.13

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 (in thousands):

	Nine Months Ended November 30,
	2020		2019
Compensation expense	$	5,773	$	4,904
Income tax benefits	$	525	$	1,030