Earnings Per Share (Tables)

3 Months Ended

May 31, 2023

Earnings Per Share [Abstract]

Computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended May 31,
	2023		2022
Numerator:
Net income from continuing operations	$	28,522	$	15,353
Dividends on preferred stock	(3,600)		—
Numerator for basic earnings per share continuing operations	24,922		15,353
After-tax interest expense for Convertible Notes	—		547
Dividends on preferred stock	3,600		—
Numerator for diluted earnings per share continuing operations	$	28,522	$	15,900
Net income from discontinued operations	$	—	$	8,724
Net income available to common shareholders	$	24,922	$	24,077
After-tax interest expense for Convertible Notes	—		547
Dividends on preferred stock	3,600		—
Numerator for diluted earnings per share—net income available to common shareholders	$	28,522	$	24,624
Denominator:
Weighted average shares outstanding for basic earnings per share	24,940		24,709
Effect of dilutive securities:
Employee and director stock awards	93		161
Convertible Notes	—		805
Series A Convertible Preferred Stock	4,117		—
Denominator for diluted earnings per share	29,150		25,675
Basic earnings per share
Earnings per common share from continuing operations	$	1.00	$	0.62
Earnings per common share from discontinued operations	$	—	$	0.35
Earnings per common share	$	1.00	$	0.97
Diluted earnings per share
Earnings per common share from continuing operations	$	0.98	$	0.62
Earnings per common share from discontinued operations	$	—	$	0.34
Earnings per common share	$	0.98	$	0.96