Earnings Per Share

6 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

13. Earnings per Share

The 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,
	2022		2021			2022		2021
Earnings per share — Basic:
Net income (loss)	$	13,623	$	(6,771	)	$	14,771	$	(3,923	)
Weighted-average shares outstanding — Basic		67,806		67,406			67,698		67,291
Net income (loss) per common share — Basic	$	0.20	$	(0.10	)	$	0.22	$	(0.06	)
Earnings per share — Diluted:
Net income (loss)	$	13,623	$	(6,771	)	$	14,771	$	(3,923	)
Weighted-average shares outstanding		67,806		67,406			67,698		67,291
Effect of potentially dilutive securities		616		—			655		—
Weighted-average shares outstanding — Diluted		68,422		67,406			68,353		67,291
Net income (loss) per common share — Diluted	$	0.20	$	(0.10	)	$	0.22	$	(0.06	)

The computation of diluted net income (loss) per share does not include 26 and 697 options to acquire shares of common stock for the three months ended September 30, 2022 and September 30, 2021, 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 23 and 254 options to acquire shares of common stock for the six months ended September 30, 2022 and September 30, 2021, respectively, because their inclusion would have an anti-dilutive effect on net income (loss) per share.