Earnings Per Share

3 Months Ended

Jun. 30, 2021

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 June 30,
	2021		2020
Earnings per share — Basic:
Net income (loss)	$	2,848	$	(824	)
Weighted-average shares outstanding — Basic		67,175		66,296
Net income (loss) per common share — Basic	$	0.04	$	(0.01	)

Earnings per share — Diluted:
Net income (loss)	$	2,848	$	(824	)
Weighted-average shares outstanding		67,175		66,296
Effect of potentially dilutive securities		624		—
Weighted-average shares outstanding — Diluted		67,799		66,296
Net income (loss) per common share — Diluted	$	0.04	$	(0.01	)

The computation of diluted net income (loss) per share does not include 238 and 2,979 options to acquire shares of common stock for the three months ended June 30, 2021 and June 30, 2020, respectively, because their inclusion would have an anti-dilutive effect on net income (loss) per share.