EARNINGS PER SHARE ("EPS")

3 Months Ended

Jun. 30, 2019

EARNINGS PER SHARE ("EPS")

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



	Three Months Ended June 30,
	2019		2018
Computation of Basic earnings per share:
Net income	$	46,280	$	71,693
Weighted average shares outstanding—basic	112,621		112,941
Basic earnings per share	$	0.41	$	0.63

Computation of Diluted earnings per share:
Net income	$	46,280	$	71,693
Add: interest expense, net of tax, on Convertible Notes	—		95
Net income for diluted earnings per share calculation	$	46,280	$	71,788

Weighted average shares outstanding—basic	112,621		112,941
Add: dilutive effect of common stock equivalents	1,107		3,044
Weighted average common shares outstanding—diluted	113,728		115,985

Diluted earnings per share	$	0.41	$	0.62

Certain of our unvested stock-based awards (including restricted stock units and restricted stock awards) are considered participating securities since these securities have non-forfeitable rights to dividends or dividend equivalents during the contractual period of the award and thus requires the two-class method of computing EPS. As of June 30, 2019, we have no material participating securities outstanding.

During the three months ended June 30, 2019, 1,338 restricted stock awards vested, we granted 700 unvested restricted stock awards, and 41 unvested restricted stock awards were forfeited.