Earnings Per Share

6 Months Ended

Sep. 30, 2019

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,
	2019		2018		2019		2018
Earnings per share — Basic:
Net income	$	6,081	$	13,094	$	7,325	$	15,742
Weighted-average shares outstanding — Basic		65,401		64,265		65,209		64,143
Net income per common share — Basic	$	0.09	$	0.20	$	0.11	$	0.25

Earnings per share — Diluted:
Net income	$	6,081	$	13,094	$	7,325	$	15,742
Weighted-average shares outstanding		65,401		64,265		65,209		64,143
Effect of potentially dilutive securities		159		592		236		219
Weighted-average shares outstanding — Diluted		65,560		64,857		65,445		64,362
Net income per common share — Diluted	$	0.09	$	0.20	$	0.11	$	0.24

The computation of diluted net income per share does not include 1,794 and 411 options to acquire shares of common stock for the three months ended September 30, 2019 and September 30, 2018, 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 894 and 1,895 options to acquire shares of common stock for the six months ended September 30, 2019 and September 30, 2018, respectively, because their inclusion would have an anti-dilutive effect on net income per share.