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Net Income Per Share | 12 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data):
| Fiscal Year Ended March 31,
2024 |  | 2023 |  | 2022
Numerator: |  |  |  |  |
Net income | $ | 154,632 |  |  | $ | 107,959 |  |  | $ | 52,451 |
Denominator: |  |  |  |  |
Weighted average shares outstanding, basic | 294,051 |  |  | 287,700 |  |  | 284,161 |
Dilutive effect of share-based awards | 5,229 |  |  | 3,917 |  |  | 6,742 |
Weighted average shares outstanding, diluted | 299,280 |  |  | 291,617 |  |  | 290,903 |
Net income per share, basic | $ | 0.53 |  |  | $ | 0.38 |  |  | $ | 0.18 |
Net income per share, diluted | $ | 0.52 |  |  | $ | 0.37 |  |  | $ | 0.18 |
The effect of certain common share equivalents were excluded from the computation of weighted average diluted shares outstanding for the years ended March 31, 2024, 2023, and 2022 as inclusion would have resulted in anti-dilution. A summary of these weighted-average anti-dilutive common share equivalents is provided in the table below (in thousands):
| Fiscal Year Ended March 31,
2024 |  | 2023 |  | 2022
Stock options | 130 |  |  | 952 |  |  | 170 |
Unvested RSAs and RSUs | 203 |  |  | 776 |  |  | 119 |

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