EARNINGS PER SHARE

12 Months Ended

Mar. 31, 2024

11. 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, 2024, 2023 and 2022 (in thousands, except per share data):

	2024		2023		2022
Net earnings attributable to common shareholders – basic and diluted	$	115,776	$	119,356	$	105,600

Basic and diluted common shares outstanding:
Weighted average common shares outstanding – basic		26,610		26,569		26,638
Effect of dilutive shares		107		85		228
Weighted average shares common outstanding – diluted		26,717		26,654		26,866

Earnings per common share – basic	$	4.35	$	4.49	$	3.96
Earnings per common share – diluted	$	4.33	$	4.48	$	3.93