Net Income Per Share (Tables)

9 Months Ended

Dec. 31, 2020

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 and nine months ended December 31, 2020 and 2019 were as follows (in thousands, except per share data):

	For the Three Months Ended December 31,				For the Nine Months Ended December 31,
Basic Net Income Per Share		2020		2019		2020		2019
Net income	$	61,868	$	69,217	$	168,669	$	171,211
Weighted average shares – basic		45,201		45,140		45,105		45,225
Net income per share – basic	$	1.37	$	1.53	$	3.74	$	3.79

	For the Three Months Ended December 31,				For the Nine Months Ended December 31,
Diluted Net Income Per Share		2020		2019		2020		2019
Net income	$	61,868		69,217		168,669		171,211
Weighted average shares – basic		45,201		45,140		45,105		45,225
Effect of dilutive securities		505		555		548		710
Weighted average shares – diluted		45,706		45,695		45,653		45,935
Net income per share – diluted	$	1.35	$	1.51	$	3.69	$	3.73