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Net Income Per Share
9 Months Ended
Dec. 31, 2018
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,
 
 
2018
 
2017
 
2018
 
2017
Net income
 
$
112,810

 
$
80,773

 
$
215,452

 
$
174,138

 
 
 
 
 
 
 
 
 
Shares used in net income per share computation:
 
 

 
 

 
 

 
 

Weighted average shares outstanding - basic
 
165,707

 
164,248

 
165,552

 
163,924

Effect of potentially dilutive equivalent shares
 
3,200

 
4,831

 
3,414

 
4,908

Weighted average shares outstanding - diluted
 
168,907

 
169,079

 
168,966

 
168,832

 
 
 
 
 
 
 
 
 
Net income per share:
 
 

 
 

 
 

 
 

Basic
 
$
0.68

 
$
0.49

 
$
1.30

 
$
1.06

Diluted
 
$
0.67

 
$
0.48

 
$
1.28

 
$
1.03


 
Share equivalents attributable to outstanding stock options, restricted stock units ("RSUs") and ESPP totaling 1.3 million and 0.5 million for the three months ended December 31, 2018 and 2017, respectively, and 1.2 million and 1.1 million for the nine months ended December 31, 2018 and 2017, respectively, were excluded from the calculation of diluted net income per share because the combined exercise price and average unamortized grant date fair value upon exercise of these options and ESPP or vesting of RSUs were greater than the average market price of the Company's shares during the periods presented herein, and therefore their inclusion would have been anti-dilutive. Performance-based awards were not included because all necessary conditions have not been satisfied by the end of the respective period, and those shares were not issuable if the end of the reporting period were the end of the contingency period.