EARNINGS PER SHARE

12 Months Ended

Mar. 31, 2018

9.	EARNINGS PER SHARE

Basic earnings per share is computed by dividing net earnings attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net earnings per share include the potential dilution of securities that could participate in our earnings, but not securities that are anti-dilutive.

The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net earnings per common share as disclosed in our consolidated statements of operations for the fiscal years ended March 31, 2018, 2017 and 2016 (in thousands, except per share data).

	Year Ended March 31,
	2018		2017		2016
Calculation of earnings per common share - diluted:
Net earnings attributable to common shareholders — basic	$	55,122	$	50,556	$	44,747

Basic and diluted common shares outstanding:
Weighted average common shares outstanding — basic		13,790		13,867		14,513
Effect of dilutive shares		177		161		175
Weighted average shares common outstanding — diluted		13,967		14,028		14,688

Earnings per common share - basic	$	4.00	$	3.65	$	3.08

Earnings per common share - diluted	$	3.95	$	3.60	$	3.05