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COMPUTATION OF EARNINGS PER SHARE (Tables)
3 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Common Shares Outstanding

The calculation of basic and diluted common shares outstanding is as follows:

 

 

 

For the Three Months

Ended June 30,

 

 

 

2016

 

 

2015

 

Weighted-Average Shares of Common Stock Outstanding

 

 

48,014,195

 

 

 

49,767,424

 

Common Equivalent Shares:

 

 

 

 

 

 

 

 

Assumed Exercise of Outstanding Dilutive Options

 

 

1,039,189

 

 

 

1,328,364

 

Less: Shares Repurchased from Assumed Proceeds of Assumed Exercised Options

 

 

(715,139

)

 

 

 

(876,472

)

Restricted Shares

 

 

183,962

 

 

 

231,592

 

Weighted-Average Common and Common Equivalent Shares Outstanding

 

 

48,522,207

 

 

 

50,450,908

 

Shares Excluded Due to Anti-dilution Effects

 

 

692,219

 

 

 

457,687