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Net Income Per Share (Tables)
3 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The Company’s basic and diluted net income per share for the three months ended June 30, 2017 and 2016 were as follows (in thousands, except per share data):

 

For the Three Months Ended June 30,

 

 

2017

 

 

2016

 

Basic Net Income Per Share

 

 

 

 

 

 

 

 

 

Net income

$

 

37,374

 

 

$

 

12,910

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in computing basic net

   income per share

 

 

43,895

 

 

 

 

42,811

 

 

 

 

 

 

 

 

 

 

 

Net income per share - basic

$

 

0.85

 

 

$

 

0.30

 

 

 

For the Three Months Ended June 30,

 

 

2017

 

 

2016

 

Diluted Net Income Per Share

 

 

 

 

 

 

 

 

 

Net income

$

 

37,374

 

 

$

 

12,910

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in computing basic net

   income per share

 

 

43,895

 

 

 

 

42,811

 

Effect of dilutive securities

 

 

1,713

 

 

 

 

2,367

 

Weighted average shares used in computing diluted

   net income per share

 

 

45,608

 

 

 

 

45,178

 

 

 

 

 

 

 

 

 

 

 

Net income per share - diluted

$

 

0.82

 

 

$

 

0.29