Net Income Per Share (Tables)

12 Months Ended

Mar. 31, 2019

Schedule of Weighted Average Number of Shares

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



	Years Ended March 31,
	2019	2018	2017
Basic	29,641,000	31,758,000	32,000,000
Dilutive effect of equity awards	262,000	238,000	355,000
Diluted	29,903,000	31,996,000	32,355,000

Excluded*
Annual RSUs and Annual PSUs	3,000	200	17,000
LTIP PSUs	77,000	—	269,000
LTIP NQSOs	170,000	397,000	192,000
Deferred Non-Employee Director Equity Awards	2,000	1,000	—

*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.