Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Reconciliation of the income used to compute basic and diluted EPS

A reconciliation of the income used to compute basic and diluted EPS for the periods presented are as follows:

	Three Months Ended September 30,				Six Months Ended September 30,
	2019		2018		2019		2018
Earnings for basic computations (1)	$	113,725	$	92,127	$	230,492	$	195,681
Weighted-average common shares outstanding for basic computations	140,245,038		142,443,058		140,125,779		142,861,491
Earnings for diluted computations (1)	$	113,728	$	92,130	$	230,499	$	195,690
Dilutive stock options and restricted stock	1,117,098		1,265,851		1,127,138		1,353,582
Weighted-average common shares outstanding for diluted computations	141,362,136		143,708,909		141,252,917		144,215,073
Earnings per common share
Basic	$	0.81	$	0.65	$	1.64	$	1.37
Diluted	$	0.80	$	0.64	$	1.63	$	1.36

(1) During the three months ended September 30, 2019 and 2018, approximately 0.7 million and 0.9 million participating securities, respectively, were paid dividends totaling $0.2 million in both periods. During the six months ended September 30, 2019 and 2018, approximately 0.7 million and 0.9 million participating securities, respectively, were paid dividends totaling $0.3 million in both periods. For the three months ended September 30, 2019 and 2018, there were undistributed earnings of $0.4 million allocated to the participating class of securities in both basic and diluted EPS in both periods. For the six months ended September 30, 2019 and 2018, there were undistributed earnings of $0.9 million allocated to the participating class of securities in both basic and diluted EPS in both periods. The allocated undistributed earnings and the dividends paid comprise the difference between net income presented on the condensed consolidated

statements of operations and earnings for basic and diluted computations for the three and six months ended September 30, 2019 and 2018.