Earnings per Share (Tables)

6 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Summary of Reconciliation between Weighted-average Common Shares Outstanding used in Calculation of Basis and Diluted Earnings Per Share

The following is a reconciliation between the weighted average outstanding shares used in the calculation of basic and diluted earnings per share:

	Three Months Ended September 30,				Six Months Ended September 30,
	(in thousands)				(in thousands)
	2021		2020		2021		2020
Weighted average common shares outstanding – basic		64,545		52,011		64,427		51,941
Net effect of dilutive stock options and non-vested stock (1)		—		—		—		—
Weighted average common shares outstanding – diluted		64,545		52,011		64,427		51,941

(1) For the three and six months ended September 30, 2021 and 2020, the shares that could potentially dilute earnings per share in the future but were not included in diluted weighted average common shares outstanding because to do so would have been anti-dilutive were immaterial.