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EARNINGS PER SHARE (Tables)

3 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

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:


									Three Months Ended June 30,
															2022						2021
Earnings for basic computations (1)															$	137,369					$	91,621
Weighted-average common shares outstanding for basic computations															132,371,487						135,569,968
Earnings for diluted computations (1)															$	137,372					$	91,622
Dilutive stock options and restricted stock															639,601						822,375
Weighted-average common shares outstanding for diluted computations															133,011,088						136,392,343
Earnings per common share
Basic															$	1.04					$	0.68
Diluted															$	1.03					$	0.67

(1) During the three months ended June 30, 2022 and 2021, approximately 0.9 million and 0.7 million participating securities were paid dividends totaling $0.4 million and $0.3 million, respectively. There were undistributed earnings of $0.5 million and $0.2 million for the three months ended June 30, 2022 and 2021, respectively, allocated to the participating class of securities in both basic and diluted EPS. The allocated undistributed earnings and the dividends paid comprise the difference between net income presented on the condensed consolidated statements of operations and earnings for basic and diluted computations for the three months ended June 30, 2022 and 2021. The impact of any anti-dilutive options excluded from the calculation of EPS was not material.