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Earnings Per Share (Tables)
6 Months Ended
Sep. 30, 2021
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 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