Earnings Per Share

9 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

12. 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,
	2019		2018		2019		2018
Earnings per share — Basic:
Net income	$	4,415	$	4,824	$	11,740	$	20,566
Weighted-average shares outstanding — Basic		65,493		64,637		65,304		64,308
Net income per common share — Basic	$	0.07	$	0.07	$	0.18	$	0.32
Earnings per share — Diluted:
Net income	$	4,415	$	4,824	$	11,740	$	20,566
Weighted-average shares outstanding		65,493		64,637		65,304		64,308
Effect of potentially dilutive securities		171		139		212		191
Weighted-average shares outstanding — Diluted		65,664		64,776		65,516		64,499
Net income per common share — Diluted	$	0.07	$	0.07	$	0.18	$	0.32

The computation of diluted net income per share does not include 1,771 and 2,532 options to acquire shares of common stock for the three months ended December 31, 2019 and December 31, 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 876 and 1,913 options to acquire shares of common stock for the nine months ended December 31, 2019 and December 31, 2018, respectively, because their inclusion would have an anti-dilutive effect on net income per share.