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Earnings Per Share (Tables) | 6 Months Ended
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Sep. 30, 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:
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator (1): |  |  |  |  |  |  |
Earnings for basic computations | $ | 387,779 |  |  | $ | 169,277 |  |  | $ | 552,345 |  |  | $ | 329,428 |
Earnings for diluted computations | $ | 387,786 |  |  | $ | 169,280 |  |  | $ | 552,353 |  |  | $ | 329,434 |
Denominator: |  |  |  |  |  |  |
Weighted-average common stock shares outstanding, basic | 128,391,878 |  |  | 130,792,215 |  | 128,893,263 |  |  | 130,913,026
Dilutive stock options and restricted stock | 456,199 |  |  | 340,930 |  |  | 494,459 |  |  | 424,887
Weighted-average common stock shares outstanding, diluted (2) | 128,848,077 |  |  | 131,133,145 |  | 129,387,722 |  |  | 131,337,913
Earnings per common share: |  |  |  |  |  |  |
Basic | $ | 3.02 |  |  | $ | 1.29 |  |  | $ | 4.29 |  |  | $ | 2.52 |
Diluted (2) | $ | 3.01 |  |  | $ | 1.29 |  |  | $ | 4.27 |  |  | $ | 2.51 |
(1) The difference between earnings for basic and diluted computations and net income presented on the condensed consolidated statements of operations is due to undistributed earnings and dividends allocated to the participating securities. There were approximately 0.8 million and 1.1 million of participating securities for the three months ended September 30, 2024 and 2023, respectively, and 0.7 million and 1.1 million shares of participating securities for the six months ended September 30, 2024 and 2023, respectively. (2) The impact of anti-dilutive options excluded from the calculation of EPS was not material during the periods presented.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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