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Net Income Per Share (Tables)
6 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share The following tables illustrate the determination of basic and diluted net income per share for each period presented (in thousands, except per share data):

 

 

 

For the Three Months Ended September 30,

 

 

For the Six Months Ended September 30,

 

 

 

 

2021

 

 

 

2020

 

 

 

2021

 

 

 

2020

 

Net income

 

$

56,953

 

 

$

62,213

 

 

$

30,428

 

 

$

106,801

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares – basic

 

 

45,437

 

 

 

45,104

 

 

 

45,374

 

 

 

45,057

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share – basic

 

$

1.25

 

 

$

1.38

 

 

$

0.67

 

 

$

2.37

 

 

 

 

For the Three Months Ended September 30,

 

 

For the Six Months Ended September 30,

 

 

 

 

2021

 

 

 

2020

 

 

 

2021

 

 

 

2020

 

Net income

 

$

56,953

 

 

 

62,213

 

 

 

30,428

 

 

 

106,801

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares – basic

 

 

45,437

 

 

 

45,104

 

 

 

45,374

 

 

 

45,057

 

Effect of dilutive securities

 

 

456

 

 

 

557

 

 

 

483

 

 

 

552

 

Weighted average shares – diluted

 

 

45,893

 

 

 

45,661

 

 

 

45,857

 

 

 

45,609

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share – diluted

 

$

1.24

 

 

$

1.36

 

 

$

0.66

 

 

$

2.34