(Loss) Income Per Share

3 Months Ended

Jun. 30, 2022

(LOSS) INCOME PER SHARE

Basic per share amounts were computed using the weighted average number of common shares outstanding. Diluted per share amounts were calculated using the number of basic weighted average shares outstanding increased by dilutive potential common shares related to stock-based awards, as determined by the treasury stock method. Basic income per share amounts were computed using the weighted average number of common shares outstanding. Diluted income per share amounts were calculated using the number of basic weighted average shares outstanding increased by dilutive potential common shares related to stock-based awards, as determined by the treasury stock method.

The weighted average numbers of shares outstanding used to compute (loss) income per share were as follows (in thousands):


	Three-Months Ended June 30,
	2022	2021
Shares used to calculate basic income per share	31,405	30,697
Dilutive effect of outstanding stock options, performance stock units and restricted stock units	—	1,811
Shares used to calculate diluted income per share	31,405	32,508

The weighted average numbers of shares outstanding listed in the table below were anti-dilutive and excluded from the computation of diluted income per share. In the case of restricted stock units, this is because unrecognized compensation expense exceeds the current value of the awards (i.e., grant date market value was higher than current average market price). In the case of stock options, this is because the average market price did not exceed the exercise price.

These shares may be anti-dilutive potential common shares in the future (in thousands):


	Three-Months Ended June 30,
	2022	2021

Stock options	2	—
RSUs	1,576	220
Total anti-dilutive shares excluded	1,578	220