Basic and Diluted Shares (Tables)

3 Months Ended

Jun. 30, 2019

Schedule of Weighted Average Number of Shares

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



	Three Months Ended June 30,
	2019	2018
Basic	29,089,000	30,423,000
Dilutive effect of equity awards	—	—
Diluted	29,089,000	30,423,000

Excluded*
Annual RSUs and Annual PSUs	245,000	306,000
LTIP PSUs	77,000	—
LTIP NQSOs	317,000	377,000
Deferred Non-Employee Director Equity Awards	7,000	7,000
Employee Stock Purchase Plan	—	7,000

*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 for the relevant performance period; 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. The actual number of shares to be issued pursuant to these awards will be based on Company performance in future periods, net of forfeitures. Refer to Note 8, “Stock Compensation,” for further information.