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Earnings Per Share (Tables)
9 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Weighted Average Shares Outstanding for Basic and Diluted Net Income 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