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Earnings Per Share (Tables)
6 Months Ended
Sep. 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 September 30,

 

 

Six Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Earnings per share — Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,055

 

 

$

13,623

 

 

$

11,211

 

 

$

14,771

 

Weighted-average shares outstanding — Basic

 

 

67,074

 

 

 

67,806

 

 

 

66,749

 

 

 

67,698

 

Net income per common share — Basic

 

$

0.08

 

 

$

0.20

 

 

$

0.17

 

 

$

0.22

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share — Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,055

 

 

$

13,623

 

 

$

11,211

 

 

$

14,771

 

Weighted-average shares outstanding

 

 

67,074

 

 

 

67,806

 

 

 

66,749

 

 

 

67,698

 

Effect of potentially dilutive securities from equity incentive plans

 

 

616

 

 

 

616

 

 

 

531

 

 

 

655

 

Weighted-average shares outstanding — Diluted

 

 

67,690

 

 

 

68,422

 

 

 

67,280

 

 

 

68,353

 

Net income per common share — Diluted

 

$

0.07

 

 

$

0.20

 

 

$

0.17

 

 

$

0.22