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Earnings Per Share
12 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of shares of common stock outstanding plus the effect of potentially dilutive common shares outstanding during the period using the treasury stock method, which includes stock options, restricted stock awards, and restricted stock units. The following table sets forth the computation of basic and diluted earnings per share:
 (In thousands, except per share data)
Year Ended March 31,
 
2014
 
2013
 
2012
Numerator
 
 
 
 
 
Net income
$
72,615

 
$
65,505

 
$
37,212

 
 
 
 
 
 
Denominator
 
 
 

 
 

Denominator for basic earnings per share- weighted average shares outstanding
51,641

 
50,633

 
50,270

Dilutive effect of unvested restricted common stock (including restricted stock units) and options issued to employees and directors
708

 
807

 
478

Denominator for diluted earnings per share
52,349

 
51,440

 
50,748

 
 
 
 
 
 
Earnings per Common Share:
 
 
 

 
 

Basic net earnings per share
$
1.41

 
$
1.29

 
$
0.74

 
 
 
 
 
 
Diluted net earnings per share
$
1.39

 
$
1.27

 
$
0.73



Additionally, for 2014, 2013, and 2012 there were 0.2 million, zero, and 0.4 million shares attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.