EARNINGS PER SHARE AND STOCKHOLDERS’ EQUITY:

Earnings Per Share

A reconciliation of the numerator and denominator of basic and diluted earnings per share is shown below (in thousands, except per share amounts):



	For the three months ended				For the nine months ended
	December 31,				December 31,
	2017		2016		2017		2016
Basic earnings per share:
Net earnings	$	22,941	$	1,073	$	18,305	$	12,189

Basic weighted-average shares outstanding	79,043		77,507		78,983		77,475

Basic earnings per share	$	0.29	$	0.01	$	0.23	$	0.16

Diluted earnings per share:
Basic weighted-average shares outstanding	79,043		77,507		78,983		77,475
Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method	2,826		2,344		2,611		2,019
Diluted weighted-average shares outstanding	81,869		79,851		81,594		79,494

Diluted earnings per share	$	0.28	$	0.01	$	0.22	$	0.15

Options and warrants to purchase shares of common stock and restricted stock units that were outstanding during the periods presented but were not included in the computation of diluted earnings per share because the effect was anti-dilutive are shown below (shares in thousands):



	For the three months ended		For the nine months ended
	December 31,		December 31,
	2017	2016	2017	2016
Number of shares outstanding under options, warrants and restricted stock units	97	156	89	345
Range of exercise prices for options	$32.85	$32.85	$32.85	$20.27-$32.85

Stockholders’ Equity

On August 29, 2011, the board of directors adopted a common stock repurchase program. That program was subsequently modified and expanded, most recently on July 28, 2016. Under the modified common stock repurchase program, the Company may purchase up to $400.0 million of its common stock through the period ending June 30, 2018. During the nine months ended December 31, 2017, the Company repurchased 1.6 million shares of its common stock for $39.4 million. Through December 31, 2017, the Company had repurchased a total of 18.4 million shares of its stock for $325.2 million, leaving remaining capacity of $74.8 million under the stock repurchase program.

Accumulated Other Comprehensive Income

Accumulated other comprehensive income accumulated balances of $9.8 million and $8.0 million at December 31, 2017 and March 31, 2017, respectively, reflect accumulated foreign currency translation adjustments.