EARNINGS PER SHARE

6 Months Ended

Sep. 30, 2019

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)
	2019	2018	2019	2018
Weighted average common shares outstanding – basic	49,987	49,628	49,927	49,590
Net effect of dilutive stock options and non-vested stock⁽¹⁾	473	—	458	—
Weighted average common shares outstanding – diluted	50,460	49,628	50,385	49,590

(1) For the three and six months ended September 30, 2019 and 2018, 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.