Earnings Per Share:

Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding for the period. Diluted earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the dilutive effect of potential common stock equivalents during the period. Stock options and unvested service-based RSU awards make up the common stock equivalents and are computed using the treasury stock method.

The table below represents the basic and diluted earnings per share, calculated using the weighted average number of shares of common stock and potential common stock equivalents outstanding for the years ended

March 31, 2016,

2017,

and

2018:

	Fiscal Year Ended March 31,
	2016		2017		2018
Net income	$	101,535	$	125,785	$	4,910
Computation of Basic EPS:
Weighted Average Shares Outstanding used in Computing Basic EPS		167,797		167,506		168,262
Basic earnings per share	$	0.61	$	0.75	$	0.03
Computation of Diluted EPS:
Weighted Average Shares Outstanding used in Computing Basic EPS		167,797		167,506		168,262
Effect of stock options		164		331		663
Weighted Average Shares used in Computing Diluted EPS (1)		167,961		167,837		168,925
Diluted earnings per share	$	0.60	$	0.75	$	0.03

(

) Common stock equivalents

not

included in the computation of diluted earnings per share because the impact would have been anti-dilutive were

2,974

shares,

1,381

shares, and

1,733

shares for the fiscal years ended

March 31, 2016,

2017,

and

2018,

respectively.