Net Income Per Share (Tables)

9 Months Ended

Dec. 31, 2018

Schedule of Weighted Average Number of Shares

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



	Three Months Ended December 31,		Nine Months Ended December 31,
	2018	2017	2018	2017
Basic	29,157,000	31,863,000	29,807,000	31,956,000
Dilutive effect of equity awards	240,000	178,000	256,000	230,000
Diluted	29,397,000	32,041,000	30,063,000	32,186,000

Excluded*
Annual RSUs and Annual PSUs	1,000	53,000	1,000	54,000
LTIP PSUs	84,000	269,000	84,000	269,000
LTIP NQSOs	185,000	397,000	185,000	397,000
Deferred Non-Employee Director Equity Awards	—	3,000	2,000	3,000

*The equity awards excluded from the dilutive effect are excluded due to one of the following: (1) the shares were anti-dilutive; (2) the necessary conditions had not been satisfied for the shares to be issuable based on the Company's performance; or (3) the Company recorded a net loss during the period presented. The number of shares stated for each of these excluded awards is the maximum number of shares issuable pursuant to these awards. Refer to Note 8, "Stock Compensation," for further information.