COMPUTATION OF EARNINGS PER COMMON SHARE

12 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Computation of Earnings Per Common Share

COMPUTATION OF EARNINGS PER COMMON SHARE

The Company has a share-based compensation plan under which employees may be granted share-based awards, including shares of restricted stock on which non-forfeitable dividends are paid on unvested shares. As such, shares of restricted stock are considered participating securities under the two-class method of calculating earnings per share as described in the Earnings per Share Topic of the FASB ASC. The two-class method of calculating earnings per share did not have a material impact on the Company's earnings per share calculation as of March 31, 2014, 2013, and 2012.

The following table sets forth the computation of basic and diluted earnings per share:

(in thousands, except earnings per share data)	Fiscal Year Ended March 31,
	2014		2013		2012
Numerator:
Net income	$	112,417	$	106,402	$	109,036
Denominator:
Weighted average common shares-basic	42,452		41,748		44,023
Dilutive effect of employee equity incentive plans	912		990		1,242
Weighted average shares-diluted	43,364		42,738		45,265
Basic earnings per common share	$	2.65	$	2.55	$	2.48
Diluted earnings per common share	$	2.59	$	2.49	$	2.41
Potentially dilutive securities excluded from diluted earnings per share because their effect is anti-dilutive	202		1,038		1,199