| Schedule of computation of basic and diluted EPS |
The following table sets forth the computation of basic and diluted EPS (in thousands except per share amounts): | | | | | | | | | | | | | | | | Fiscal Year Ended March 31, | | | 2019 | | 2018 | | 2017 | Computation of Basic earnings per share: | | |
| | |
| | |
| Net income | | $ | 333,837 |
| | $ | 173,533 |
| | $ | 67,303 |
| Less: net income allocated to participating securities | | — |
| | (159 | ) | | (1,275 | ) | Net income for basic earnings per share calculation | | $ | 333,837 |
| | $ | 173,374 |
| | $ | 66,028 |
| Total weighted average shares outstanding—basic | | 113,176 |
| | 110,210 |
| | 91,921 |
| Less: weighted average participating shares outstanding | | — |
| | (101 | ) | | (1,741 | ) | Weighted average common shares outstanding—basic | | 113,176 |
| | 110,109 |
| | 90,180 |
| Basic earnings per share | | $ | 2.95 |
| | $ | 1.57 |
| | $ | 0.73 |
| Computation of Diluted earnings per share: | | |
| | |
| | |
| Net income | | $ | 333,837 |
| | $ | 173,533 |
| | $ | 67,303 |
| Less: net income allocated to participating securities | | — |
| | (155 | ) | | (1,246 | ) | Net income for diluted earnings per share calculation | | $ | 333,837 |
| | $ | 173,378 |
| | $ | 66,057 |
| Weighted average common shares outstanding—basic | | 113,176 |
| | 110,109 |
| | 91,921 |
| Add: dilutive effect of common stock equivalents | | 2,022 |
| | 2,755 |
| | 2,152 |
| Weighted average common shares outstanding—diluted | | 115,198 |
| | 112,864 |
| | 94,073 |
| Less: weighted average participating shares outstanding | | — |
| | (101 | ) | | (1,741 | ) | Weighted average common shares outstanding- diluted | | 115,198 |
| | 112,763 |
| | 92,332 |
| Diluted earnings per share | | $ | 2.90 |
| | $ | 1.54 |
| | $ | 0.72 |
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