Net Income Per Share

12 Months Ended

Mar. 31, 2017

Net Income per Share

The reconciliation of basic to diluted weighted-average common shares outstanding is as follows:



	Years Ended March 31,
	2017	2016	2015
Weighted-average shares used in basic computation	32,000,000	32,556,000	34,433,000
Dilutive effect of stock-based awards and options	355,000	483,000	300,000
Weighted-average shares used for diluted computation	32,355,000	33,039,000	34,733,000

Excluded*:
Annual RSUs and Annual PSUs	17,000	—	—
2007 LTIP SARs	—	90,000	525,000
LTIP PSUs	269,000	389,000	624,000
2017 LTIP NQSOs	192,000	—	—

*The stock-based awards and options excluded from the dilutive effect were excluded either because the shares were anti-dilutive or because the necessary conditions had not been satisfied for the shares to be issuable based on the Company's performance for the years ended March 31, 2017, 2016 and 2015. The number of shares reflected for each of these excluded awards is the maximum number of shares issuable pursuant to these awards. Refer to Note 8, "Stockholder's Equity", for more information on the nature of these awards.