Net Earnings Per Share
 3 Months Ended
May 31, 2014
Net Earnings Per Share [Abstract]  
Net Earnings Per Share

 12.Net Earnings per Share

 

Basic net earnings per share is computed by dividing net earnings available for basic common shares by the weighted average number of shares of common stock outstanding.  Diluted net earnings per share is computed by dividing net earnings available for diluted common shares by the sum of weighted average number of shares of common stock outstanding and dilutive potential common  stock.  

 

Basic and Dilutive Net Earnings Per Share Reconciliations

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

May 31

(In thousands except per share data)

 

2014

2013

Net earnings

 

$
169,653 

 

$
146,651 

 

Weighted average common shares outstanding

 

 
220,268 

 

 
224,618 

 

Dilutive potential common shares:

 

 

 

 

 

 

 

Stock options

 

 
2,772 

 

 
3,194 

 

Stock-settled restricted stock units

 

 
592 

 

 
740 

 

Weighted average common shares and dilutive

 

 

 

 

 

 

 

potential common shares

 

 
223,632 

 

 
228,552 

 

Basic net earnings per share

 

$
0.77 

 

$
0.65 

 

Diluted net earnings per share

 

$
0.76 

 

$
0.64 

 

 

Certain weighted-average options to purchase shares of common stock were outstanding and not included in the calculation of diluted net earnings per share because their inclusion would have been antidilutive.  For the three months ended May 31, 2014 and 2013, weighted-average options to purchase 2,420,758 shares and 801,614 shares of common stock, respectively, were not included.