Earnings Per Share

9 Months Ended

Dec. 31, 2021

12. Earnings per Share

The 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,
	2021		2020		2021		2020
Earnings per share — Basic:
Net income	$	5,193	$	464	$	1,270	$	10,095
Weighted-average shares outstanding — Basic		67,958		66,943		67,514		66,644
Net income per common share — Basic	$	0.08	$	0.01	$	0.02	$	0.15

Earnings per share — Diluted:
Net income	$	5,193	$	464	$	1,270	$	10,095
Weighted-average shares outstanding		67,958		66,943		67,514		66,644
Effect of potentially dilutive securities		209		197		337		5
Weighted-average shares outstanding — Diluted		68,167		67,140		67,851		66,649
Net income per common share — Diluted	$	0.08	$	0.01	$	0.02	$	0.15

The computation of diluted net income per share does not include 410 and 806 options to acquire shares of common stock for the three months ended December 31, 2021 and December 31, 2020, 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 428 and 2,585 options to acquire shares of common stock for the nine months ended December 31, 2021 and December 31, 2020, respectively, because their inclusion would have an anti-dilutive effect on net income per share.