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Earnings Per Share (Tables)
9 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Weighted Average Shares Outstanding for Basic and Diluted Net Income 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