Earnings Per Share

6 Months Ended

Sep. 30, 2016

Earnings per Share

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



	Three Months Ended September 30,				Six Months Ended September 30,
	2016		2015		2016		2015
Earnings per share — Basic:
Net income	$	3,987	$	8,315	$	3,340	$	14,677
Weighted-average shares outstanding — Basic	61,658		60,461		61,420		60,387
Net income per common share — Basic	$	0.06	$	0.14	$	0.05	$	0.24

Earnings per share — Diluted:
Net income	$	3,987	$	8,315	$	3,340	$	14,677
Weighted-average shares outstanding	61,658		60,461		61,420		60,387
Effect of potentially dilutive securities	394		733		284		742
Weighted-average shares outstanding — Diluted	62,052		61,194		61,704		61,129
Net income per common share — Diluted	$	0.06	$	0.14	$	0.05	$	0.24

The computation of diluted net income per share does not include 3,230 and 2,997 options to acquire shares of common stock for the three and six months ended September 30, 2016, 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 1,990 and 1,878 options to acquire shares of common stock for the three and six months ended September 30, 2015, respectively, because their inclusion would have an anti-dilutive effect on net income per share.