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, 2025						June 1, 2024
Net (loss) earnings						$	(2,688)					$	31,011

Basic earnings per share – weighted average common shares outstanding						21,338						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.