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Earnings Per Share (Tables)
3 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Weighted Average Shares Outstanding for Basic and Diluted Net Income Per Share

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

 

 

 

Three Months Ended June 30,

 

 

 

2023

 

 

2022

 

Earnings per share — Basic:

 

 

 

 

 

 

Net income

 

$

6,156

 

 

$

1,148

 

Weighted-average shares outstanding — Basic

 

 

66,420

 

 

 

67,588

 

Net income per common share — Basic

 

$

0.09

 

 

$

0.02

 

 

 

 

 

 

 

Earnings per share — Diluted:

 

 

 

 

 

 

Net income

 

$

6,156

 

 

$

1,148

 

Weighted-average shares outstanding

 

 

66,420

 

 

 

67,588

 

Effect of potentially dilutive securities from equity incentive plans

 

 

433

 

 

 

695

 

Weighted-average shares outstanding — Diluted

 

 

66,853

 

 

 

68,283

 

Net income per common share — Diluted

 

$

0.09

 

 

$

0.02