XML 242 R37.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Earnings Per Share (Tables)
 12 Months Ended
Mar. 31, 2024
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: 
 Fiscal Year Ended
 March 31,
 202420232022
Numerator: (1)
Earnings for basic computations$600,740 $269,656 $463,626 
Earnings for diluted computations$600,750 $269,657 $463,635 
Denominator:
Weighted-average common stock shares outstanding, basic130,366,501132,161,646134,134,034
Dilutive stock options and restricted stock449,402 554,790716,774
Weighted-average common stock shares outstanding, diluted (2)
130,815,903 132,716,436134,850,808
Earnings per share of common share:
Basic$4.61 $2.04 $3.46 
Diluted (2)
$4.59 $2.03 $3.44 
(1) The difference between earnings for basic and diluted computations and net income presented on the consolidated statements of operations is due to undistributed earnings and dividends allocated to the participating securities. During fiscal 2024, 2023, and 2022, respectively, approximately 1.1 million, 1.1 million, and 0.9 million shares of participating securities were paid dividends totaling $2.1 million, $1.8 million, and $1.4 million, respectively. There were undistributed earnings of $2.9 million, $0.3 million, and $1.7 million allocated to the participating class of securities in both basic and diluted earnings per share of common stock for fiscal 2024, 2023, and 2022, respectively.
(2) The impact of anti-dilutive options excluded from the calculation of diluted EPS was not material during the periods presented.