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COMPUTATION OF EARNINGS PER COMMON SHARE (Tables)
9 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share
The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended December 31, 2015 and 2014:
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
(in thousands, except per share data)
 
2014
 
2015
 
2014
 
2015
Numerator:
 
 
 
 
 
 
 
 
Net income
 
$
30,384

 
$
16,288

 
$
86,477

 
$
55,412

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average common shares-basic
 
41,901

 
32,579

 
41,780

 
34,723

Dilutive effect of employee equity incentive plans
 
799

 
680

 
894

 
865

Weighted average common shares-diluted
 
42,700

 
33,259

 
42,674

 
35,588

 
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.73

 
$
0.50

 
$
2.07

 
$
1.60

Diluted earnings per common share
 
$
0.71

 
$
0.49

 
$
2.03

 
$
1.56

 
 
 
 
 
 
 
 
 
Potentially dilutive securities excluded from diluted earnings per common share because their effect is anti-dilutive
 
130

 
353

 
442

 
289