Earnings Per Share

9 Months Ended

Dec. 31, 2016

Earnings per Share

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



	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
Earnings per share — Basic:
Net income	$	10,486	$	7,302	$	13,826	$	21,979
Weighted-average shares outstanding — Basic	62,093		60,867		61,645		60,548
Net income per common share — Basic	$	0.17	$	0.12	$	0.22	$	0.36

Earnings per share — Diluted:
Net income	$	10,486	$	7,302	$	13,826	$	21,979
Weighted-average shares outstanding	62,093		60,867		61,645		60,548
Effect of potentially dilutive securities	—		412		255		642
Weighted-average shares outstanding — Diluted	62,093		61,279		61,900		61,190
Net income per common share — Diluted	$	0.17	$	0.12	$	0.22	$	0.36

The computation of diluted net income per share does not include 3,054 and 3,015 options to acquire shares of common stock for the three and nine months ended December 31, 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 1,839 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.