Earnings Per Share

9 Months Ended

Dec. 31, 2015

Earnings per Share

The dual presentation of “basic” and “diluted” earnings per share (“EPS”) is provided below. Shares discussed below are in thousands.



	Three Months Ended December 31,				Nine Months Ended December 31,
	2015		2014		2015		2014
Net income	$	7,302	$	6,676	$	21,979	$	16,589
Basic net income per share:
Weighted-average shares outstanding — Basic	60,867		60,272		60,548		60,250
Basic net income per common share	$	0.12	$	0.11	$	0.36	$	0.28

Net income	$	7,302	$	6,676	$	21,979	$	16,589
Diluted net income per share:
Weighted-average shares outstanding — Basic	60,867		60,272		60,548		60,250
Effect of potentially dilutive securities	412		583		642		563
Weighted-average shares outstanding — Diluted	61,279		60,855		61,190		60,813
Diluted net income per common share	$	0.12	$	0.11	$	0.36	$	0.27

The computation of diluted net income per share does not include 1,839 and 1,789 options to acquire shares of common stock for the three and nine months ended December 31, 2015, respectively, because their inclusion would have an anti-dilutive effect on net income per share.

The computation of diluted net income per share does not include 1,731 and 1,653 options to acquire shares of common stock for the three and nine months ended December 31, 2014, respectively, because their inclusion would have an anti-dilutive effect on net income per share.