EARNINGS PER SHARE (Tables)

12 Months Ended

Mar. 31, 2022

Schedule of Reconciliation of the Income Used to Compute Basic and Diluted EPS

A reconciliation of the income used to compute basic and diluted EPS for the periods presented are as follows:


	Fiscal Year Ended March 31,
	2022		2021		2020
Earnings for basic computations (1)	$	463,626	$	605,437	$	481,085
Weighted-average of common stock shares outstanding for basic computations	134,134,034		137,722,589		140,059,494
Earnings for diluted computations (1)	$	463,635	$	605,455	$	481,092
Dilutive stock options and restricted stock	716,774		980,631		1,178,641
Weighted-average of common stock shares outstanding for diluted computations	134,850,808		138,703,220		141,238,135
Earnings per share of common stock
Basic	$	3.46	$	4.40	$	3.43
Diluted	$	3.44	$	4.37	$	3.41

(1) During fiscal 2022, 2021, and 2020 approximately 0.9 million, 0.8 million, and 0.4 million shares of participating securities were paid dividends totaling $1.4 million, $1.0 million, and $0.7 million, respectively. There were undistributed earnings of $1.7 million, $2.5 million, and $0.9 million allocated to the participating class of securities in both basic and diluted earnings per share of common stock for fiscal 2022, 2021, and 2020, respectively. The allocated undistributed earnings and the dividends paid comprise the difference between net income presented on the consolidated statements of operations and earnings for basic and diluted computations for fiscal 2022, 2021, and 2020. The impact of any anti-dilutive options included in the calculation of EPS was not material.