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Net Income per Common Share | 3 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
Net Income per Common Share | Net Income per Common Share Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares outstanding and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the vesting of restricted stock units ("RSUs"), performance stock units ("PSUs"), common shares to be purchased under the Employee Stock Purchase Plan ("ESPP"), and, if dilutive, the conversion spread on the Notes. The dilutive effect of RSUs, PSUs, and ESPP purchases is reflected in diluted earnings per share by application of the treasury stock method. The dilutive effect of the Notes is calculated using the if-converted method. See Note 12 of the Notes to Consolidated Financial Statements for further details of the Notes. The following table sets forth the reconciliation of basic and diluted net income per common share:
| Three Months Ended June 30, |  |
| 2026 |  | 2025 |  |  |  |
Net income | $ | 21,139 |  |  | $ | 23,496 |  |  |  |  |
Basic net income per common share: |  |  |  |  |  |  |
Basic weighted average shares outstanding | 41,345 |  |  | 44,326 |  |  |  |  |
Basic net income per common share | $ | 0.51 |  |  | $ | 0.53 |  |  |  |  |
Diluted net income per common share: |  |  |  |  |  |  |
Basic weighted average shares outstanding | 41,345 |  |  | 44,326 |  |  |  |  |
Dilutive effect of potential common shares | 524 |  |  | 957 |  |  |  |  |
Diluted weighted average shares outstanding | 41,869 |  |  | 45,283 |  |  |  |  |
Diluted net income per common share | $ | 0.50 |  |  | $ | 0.52 |  |  |  |  |
Diluted weighted average shares outstanding excludes RSUs, PSUs, and common shares to be purchased under the ESPP totaling 370 and 157 for the three months ended June 30, 2026 and 2025, respectively, because the effect of including them would have been anti-dilutive. In addition, the Notes were excluded from diluted net income per share as their inclusion would have been anti-dilutive.

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