Earnings Per Share

6 Months Ended

Sep. 30, 2021

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 September 30,					Six Months Ended September 30,
	2021			2020		2021			2020
Earnings per share — Basic:
Net income (loss)	$	(6,771	)	$	10,455	$	(3,923	)	$	9,631
Weighted-average shares outstanding — Basic		67,406			66,688		67,291			66,493
Net income (loss) per common share — Basic	$	(0.10	)	$	0.16	$	(0.06	)	$	0.14
Earnings per share — Diluted:
Net income (loss)	$	(6,771	)	$	10,455	$	(3,923	)	$	9,631
Weighted-average shares outstanding		67,406			66,688		67,291			66,493
Effect of potentially dilutive securities		—			1		—			—
Weighted-average shares outstanding — Diluted		67,406			66,689		67,291			66,493
Net income (loss) per common share — Diluted	$	(0.10	)	$	0.16	$	(0.06	)	$	0.14

The computation of diluted net income (loss) per share does not include 697 and 2,787 options to acquire shares of common stock for the three months ended September 30, 2021 and September 30, 2020, respectively, because their inclusion would have an anti-dilutive effect on net income (loss) per share.

The computation of diluted net income (loss) per share does not include 254 and 2,954 options to acquire shares of common stock for the six months ended September 30, 2021 and September 30, 2020, respectively, because their inclusion would have an anti-dilutive effect on net income (loss) per share.