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COMPUTATION OF EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Mar. 31, 2017
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 share:
(in thousands, except earnings per share data)
 
Fiscal Year Ended March 31,
 
 
2015
 
2016
 
2017
Numerator:
 
 
 
 
 
 
Net income
 
$
112,301

 
$
68,392

 
$
82,599

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted average common shares-basic
 
41,723

 
34,127

 
32,279

Dilutive effect of employee equity incentive plans
 
920

 
811

 
684

Weighted average shares-diluted
 
42,643

 
34,938

 
32,963

 
 
 
 
 
 
 
Basic earnings per common share
 
$
2.69

 
$
2.00

 
$
2.56

Diluted earnings per common share
 
$
2.63

 
$
1.96

 
$
2.51

 
 
 
 
 
 
 
Potentially dilutive securities excluded from diluted earnings per share because their effect is anti-dilutive
 
442

 
326

 
574