Earning Per Share

9 Months Ended

Nov. 30, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE:

4.           EARNINGS PER SHARE:

The shares used in the computation of the Company’s basic and diluted earnings per common share were as follows:

	For the three months ended November 30,				For the Nine months ended November 30,
	2012		2011		2012		2011
Weighted average common shares outstanding		2,177,832		2,267,775		2,232,256		2,267,489
Dilutive effect of employee stock options		217,621		221,679		214,558		221,673
Weighted average common shares outstanding, assuming dilution		2,395,453		2,489,454		2,446,814		2,489,162

Weighted average common shares outstanding, assuming dilution, include the incremental shares that would be issued upon the assumed exercise of stock options.  For the three month periods ended November 30, 2012 and November 30, 2011, 13,500 shares underlying  the Company's stock options were excluded from the calculation of diluted earning per share because the exercise prices of the stock options were greater than or equal to the average price of the common shares, and therefore their inclusion would have been anti-dilutive.