v3.25.2
Earnings per Share
3 Months Ended
May 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings per Share
The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share (diluted EPS):
Three Months Ended
(In thousands)May 31, 2025June 1, 2024
Net (loss) earnings
$(2,688)$31,011 
Basic earnings per share – weighted average common shares outstanding21,338 21,823 
Weighted average effect of nonvested share grants and assumed exercise of stock options
— 238 
Diluted earnings per share – weighted average common shares and potential common shares outstanding (1)
21,338 22,061 
Stock awards excluded from the calculation of earnings per share because the effect was anti-dilutive (award price greater than average market price of the shares)
— 87 
Basic (loss) earnings per share
$(0.13)$1.42 
Diluted (loss) earnings per share
$(0.13)$1.41 
(1) In the first quarter of fiscal 2026, there were 224 shares excluded from the calculation of diluted loss per share, due to their anti-dilutive effect.