NET INCOME PER SHARE

3 Months Ended

Jun. 30, 2015

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



	Three Months Ended
	June 30,
	2015		2014
Numerator:
Net income	$	7,669	$	11,476
Denominator:
Denominator for basic net income per share - weighted average common shares outstanding	40,776		41,081
Dilutive common equivalent shares:
Weighted average stock options	—		17
Weighted average restricted stock units	595		710
Denominator for diluted net income per share - weighted average shares outstanding	41,371		41,808
Net income per share:
Basic net income per share	$	0.19	$	0.28
Diluted net income per share	$	0.19	$	0.27

The following table sets forth restricted stock units excluded from the calculation of diluted net income per share, since their inclusion would be antidilutive (in thousands):



	Three Months Ended
	June 30,
	2015	2014
Restricted stock units	19	—

Basic EPS is calculated by dividing net income by the weighted average number of shares outstanding during the period. Unvested restricted shares, although legally issued and outstanding, are not considered outstanding for purposes of calculating basic earnings per share. Diluted EPS is calculated by dividing net income by the weighted average number of shares outstanding plus the dilutive effect, if any, of outstanding stock options, restricted shares and restricted stock units using the treasury stock method. The calculation of the dilutive effect of outstanding equity awards under the treasury stock method includes consideration of proceeds from the assumed exercise of stock options, unrecognized compensation expense and any tax benefits as additional proceeds.