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Basis of Preparation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Computation of Basic and Diluted Net Income Per Share The Company’s basic and diluted net income per share were as follows (figures in tables are in thousands, except per share data):

 

 

 

Fiscal Years Ended March 31,

 

Basic Net Income Per Share

 

 

2021

 

 

 

2020

 

 

 

2019

 

Net income

 

$

225,525

 

 

$

203,009

 

 

$

259,016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares - basic

 

 

45,140

 

 

 

45,179

 

 

 

44,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share - basic

 

$

5.00

 

 

$

4.49

 

 

$

5.77

 

 

 

 

Fiscal Years Ended March 31,

 

Diluted Net Income Per Share

 

 

2021

 

 

 

2020

 

 

 

2019

 

Net income

 

$

225,525

 

 

$

203,009

 

 

$

259,016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares - basic

 

 

45,140

 

 

 

45,179

 

 

 

44,911

 

Effect of dilutive securities

 

 

534

 

 

 

637

 

 

 

1,240

 

Weighted average shares - diluted

 

 

45,674

 

 

 

45,816

 

 

 

46,151

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share - diluted

 

$

4.94

 

 

$

4.43

 

 

$

5.61