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Net Income Per Share
3 Months Ended
Jun. 30, 2011
Net Income Per Share  
Net Income Per Share
13. Net Income Per Share

Calculations of the basic and diluted net income per share and potential common shares are as follows (in thousands, except share and per share data):

 

     Three Months Ended
June 30,
 
     2011      2010  

Basic:

     

Net income

   $ 2,399       $ 7,145   
                 

Weighted average common shares outstanding

     42,608,457         41,811,888   
                 

Basic net income per share

   $ 0.06       $ 0.17   
                 

Diluted:

     

Net income

   $ 2,399       $ 7,145   
                 

Weighted average common shares outstanding

     42,608,457         41,811,888   

Weighted average stock options

     546,352         330,295   

Weighted average restricted stock units

     188,078         339,565   
                 

Diluted weighted average shares

     43,342,887         42,481,748   
                 

Diluted net income per share

   $ 0.06       $ 0.17   
                 

The following table sets forth options and restricted stock units excluded from the calculation of diluted net income per share, since their inclusion would be antidilutive. This is due to the exercise prices exceeding the average market price of the Company's common stock during the three months ended June 30, 2011 and 2010.

 

     Three Months Ended
June 30,
 
     2011      2010  

Stock options

     0         97,250   

Restricted stock units

     79,892         28,590