Earnings Per Share

12 Months Ended

Feb. 28, 2015

Earnings Per Share [Abstract]

EARNINGS PER SHARE

2.    EARNINGS PER SHARE

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

	Fiscal Year Ended
	February 28
	2015		2014
Weighted average common shares outstanding		2,183,876		2,177,832
Dilutive effect of employee stock options		224,759		226,558
Weighted average common shares outstanding, assuming dilution		2,408,635		2,404,390

Weighted average common shares outstanding, assuming dilution, include the incremental shares that would be issued upon the assumed exercise of stock options. For fiscal years 2015 and 2014 respectively, 8,400 and 12,300 of the Company’s outstanding stock options were excluded from the calculation of diluted earnings 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. For fiscal year 2015 these options have become dilutive.