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Earnings Per Share
6 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

11. 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 September 30,

 

 

Six Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Earnings per share — Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,094

 

 

$

8,030

 

 

$

15,742

 

 

$

11,926

 

Weighted-average shares outstanding — Basic

 

 

64,265

 

 

 

63,513

 

 

 

64,143

 

 

 

63,077

 

Net income per common share — Basic

 

$

0.20

 

 

$

0.13

 

 

$

0.25

 

 

$

0.19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share — Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,094

 

 

$

8,030

 

 

$

15,742

 

 

$

11,926

 

Weighted-average shares outstanding

 

 

64,265

 

 

 

63,513

 

 

 

64,143

 

 

 

63,077

 

Effect of potentially dilutive securities

 

 

592

 

 

 

17

 

 

 

219

 

 

 

12

 

Weighted-average shares outstanding — Diluted

 

 

64,857

 

 

 

63,530

 

 

 

64,362

 

 

 

63,089

 

Net income per common share — Diluted

 

$

0.20

 

 

$

0.13

 

 

$

0.24

 

 

$

0.19

 

 

The computation of diluted net income per share does not include 411 and 2,567 options to acquire shares of common stock for the three months ended September 30, 2018 and September 30, 2017, 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 1,895 and 2,565 options to acquire shares of common stock for the six months ended September 30, 2018 and September 30, 2017, respectively, because their inclusion would have an anti-dilutive effect on net income per share.