| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted EPS is shown below:
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Three Months Ended
November 30,
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Nine Months Ended
November 30,
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2021
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2020
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2021
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2020
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Earnings:
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Net earnings applicable to common shareholders
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$ |
2,646,600 |
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$ |
4,269,600 |
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$ |
7,982,900 |
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$ |
10,455,700 |
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Weighted average shares:
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Weighted average shares outstanding-basic
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8,029,060 |
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8,355,831 |
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8,028,973 |
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8,354,156 |
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Issued unvested restricted stock and assumed shares issuable under granted unvested restricted stock awards
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401,161 |
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- |
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420,210 |
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- |
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Weighted average shares outstanding-diluted
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8,430,221 |
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8,355,831 |
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8,449,183 |
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8,354,156 |
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Earnings per share:
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Basic
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$ |
0.33 |
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$ |
0.51 |
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$ |
0.99 |
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$ |
1.25 |
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Diluted
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$ |
0.31 |
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$ |
0.51 |
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$ |
0.94 |
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$ |
1.25 |
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