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Net Income Per Share
9 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
 
The computations of basic and diluted net income per share for the Company were as follows (in thousands, except per share amounts):
 
 
Three Months Ended
December 31,
 
Nine Months Ended
December 31,
 
 
2017
 
2016
 
2017
 
2016
Net Income
 
$
80,773

 
$
97,465

 
$
174,138

 
$
166,451

 
 
 
 
 
 
 
 
 
Shares used in net income per share computation:
 
 

 
 

 
 

 
 

Weighted average shares outstanding - basic
 
164,248

 
161,977

 
163,924

 
162,070

Effect of potentially dilutive equivalent shares
 
4,831

 
3,924

 
4,908

 
3,141

Weighted average shares outstanding - diluted
 
169,079

 
165,901

 
168,832

 
165,211

 
 
 
 
 
 
 
 
 
Net income per share:
 
 

 
 

 
 

 
 

Basic
 
$
0.49

 
$
0.60

 
$
1.06

 
$
1.03

Diluted
 
$
0.48

 
$
0.59

 
$
1.03

 
$
1.01


 
Share equivalents attributable to outstanding stock options and restricted stock units of 0.5 million and 1.7 million for the three months ended December 31, 2017 and 2016, respectively, and 1.1 million and 2.8 million for the nine months ended December 31, 2017 and 2016, respectively, were anti-dilutive and excluded from the calculation of diluted net income per share.