Net Income per Common Share (Tables)

9 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Reconciliations of the Denominators Used to Calculate Basic and Diluted Net Income Per Common Share

The reconciliations of the denominators used to calculate basic and diluted net income per common share for the three and nine months ended December 31, 2023 and 2022, respectively, are as follows:

	Three Months Ended December 31, 2023		Three Months Ended December 31, 2022		Nine Months Ended December 31, 2023		Nine Months Ended December 31, 2022
Basic net income per common share
Net income	$	15,837	$	8,425	$	41,505	$	25,965
Weighted-average common shares outstanding	33,703,845		33,493,540		33,946,201		33,457,048
Basic net income per common share	$	0.47	$	0.25	$	1.22	$	0.78

	Three Months Ended December 31, 2023		Three Months Ended December 31, 2022		Nine Months Ended December 31, 2023		Nine Months Ended December 31, 2022
Diluted net income per common share
Net income	$	15,837	$	8,425	$	41,505	$	25,965
Weighted-average common shares outstanding	33,703,845		33,493,540		33,946,201		33,457,048
Common share equivalents:
Stock options	33,602		7,858		28,156		2,545
Restricted and performance stock units	464,078		378,335		350,216		296,625
Weighted average shares outstanding – dilutive (1)	34,201,525		33,879,733		34,324,573		33,756,218
Diluted net income per common share	$	0.46	$	0.25	$	1.21	$	0.77

(1) For the three months ended December 31, 2023 and 2022, zero and 28,499, respectively, were not included in the calculation of diluted net income per common share, as they would have had an anti-dilutive effect. For the nine months ended December 31, 2023 and 2022, 1,275 and 39,517 equity awards, respectively, were not included in the calculation of diluted net income per common share, as they would have had an anti-dilutive effect.