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Earnings Per Share (Tables)
9 Months Ended
Dec. 31, 2020
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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Earnings per share — Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

464

 

 

$

4,415

 

 

$

10,095

 

 

$

11,740

 

Weighted-average shares outstanding — Basic

 

 

66,943

 

 

 

65,493

 

 

 

66,644

 

 

 

65,304

 

Net income per common share — Basic

 

$

0.01

 

 

$

0.07

 

 

$

0.15

 

 

$

0.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share — Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

464

 

 

$

4,415

 

 

$

10,095

 

 

$

11,740

 

Weighted-average shares outstanding

 

 

66,943

 

 

 

65,493

 

 

 

66,644

 

 

 

65,304

 

Effect of potentially dilutive securities

 

 

197

 

 

 

171

 

 

 

5

 

 

 

212

 

Weighted-average shares outstanding — Diluted

 

 

67,140

 

 

 

65,664

 

 

 

66,649

 

 

 

65,516

 

Net income per common share — Diluted

 

$

0.01

 

 

$

0.07

 

 

$

0.15

 

 

$

0.18