Net Income Per Share

12 Months Ended

Mar. 31, 2018

Net Income per Share

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



	Years Ended March 31,
	2018	2017	2016
Weighted-average shares used in basic computation	31,758,000	32,000,000	32,556,000
Dilutive effect of stock-based awards and options	238,000	355,000	483,000
Weighted-average shares used for diluted computation	31,996,000	32,355,000	33,039,000

Excluded*:
Annual RSUs and Annual PSUs	200	17,000	—
2007 LTIP SARs	—	—	90,000
LTIP PSUs	—	269,000	389,000
LTIP NQSOs	397,000	192,000	—
Deferred Non-Employee Director Equity Awards	1,000	—	—

*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, 2018, 2017 and 2016. 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, "Stockholders' Equity," for further information on the Company's stock-based awards and options.