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NET INCOME PER SHARE
 6 Months Ended
Sep. 30, 2016
NET INCOME PER SHARE [Abstract]  
NET INCOME PER SHARE
NOTE 15.
NET INCOME PER SHARE

Basic net income per share is computed by dividing the net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income attributable to common shareholders by the weighted average number of common shares that would have been outstanding during the period assuming the issuance of common shares for all potential dilutive common shares outstanding using the treasury stock method. Dilutive potential common shares outstanding include outstanding restricted stock units and warrants.
 
The computations for basic and diluted net income from continuing and discontinued operations per share are as follows (in thousands, except share and per share data):

  
Three Months Ended
September 30,
  
Six Months Ended
September 30,
 
  
2016
  
2015
  
2016
  
2015
 
Income from continuing operations
 
$
11,487
  
$
7,823
  
$
18,377
  
$
14,818
 
Loss from discontinued operations, net of tax
  
(55
)
  
(7
)
  
(55
)
  
(7
)
Net income
 
$
11,432
  
$
7,816
  
$
18,322
  
$
14,811
 
                 
Weighted average common shares outstanding:
                
Basic
  
22,522,000
   
22,701,000
   
22,494,000
   
22,663,000
 
Effect of dilutive securities:
                
Restricted stock units
  
223,000
   
162,000
   
226,000
   
212,000
 
Warrants
  
-
   
-
   
-
   
1,000
 
Diluted
  
22,745,000
   
22,863,000
   
22,720,000
   
22,876,000
 
                 
Net income (loss) per share:
                
Basic
                
Continuing operations
 
$
0.51
  
$
0.34
  
$
0.82
  
$
0.65
 
Discontinued operations
  
-
   
-
   
(0.01
)
  
-
 
Basic net income per share
 
$
0.51
  
$
0.34
  
$
0.81
  
$
0.65
 
                 
Diluted
                
Continuing operations
 
$
0.51
  
$
0.34
  
$
0.81
  
$
0.65
 
Discontinued operations
  
(0.01
)
  
-
   
-
   
-
 
Diluted net income per share
 
$
0.50
  
$
0.34
  
$
0.81
  
$
0.65
 

For our PSUs, if the performance criteria are achieved during the period, these awards will be considered outstanding for the purpose of computing diluted net income per share if the effect is dilutive. Because the performance criteria for FY2017 PSUs were not achieved during the three and six months ended September 30, 2016, these awards were not included in the diluted net income per share calculation.

Restricted stock units for 82,000 and 95,000 shares during the three months ended September 30, 2016 and 2015, respectively, and 85,000 and 78,000 shares during the six months ended September 30, 2016 and 2015, respectively, were outstanding but not included in the computation of diluted net income per share because the effect would be antidilutive.

Warrants are excluded from the computation of diluted weighted average shares outstanding if the exercise price of the warrants is greater than the average market price of our common stock during the period because the inclusion of these warrants would be antidilutive to net income per share. There were no warrants excluded from the computation of diluted weighted average shares outstanding during the three and six months ended September 30, 2016 and 2015.