Earnings Per Share

6 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share

13. 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,
	2020		2019		2020		2019
Earnings per share — Basic:
Net income	$	10,455	$	6,081	$	9,631	$	7,325
Weighted-average shares outstanding — Basic		66,688		65,401		66,493		65,209
Net income per common share — Basic	$	0.16	$	0.09	$	0.14	$	0.11
Earnings per share — Diluted:
Net income	$	10,455	$	6,081	$	9,631	$	7,325
Weighted-average shares outstanding		66,688		65,401		66,493		65,209
Effect of potentially dilutive securities		1		159		—		236
Weighted-average shares outstanding — Diluted		66,689		65,560		66,493		65,445
Net income per common share — Diluted	$	0.16	$	0.09	$	0.14	$	0.11

The computation of diluted net income per share does not include 2,787 and 1,794 options to acquire shares of common stock for the three months ended September 30, 2020 and September 30, 2019, 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 2,954 and 894 options to acquire shares of common stock for the six months ended September 30, 2020 and September 30, 2019, respectively, because their inclusion would have an anti-dilutive effect on net income per share.