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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