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COMPUTATION OF EARNINGS PER SHARE
 6 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
COMPUTATION OF EARNINGS PER SHARE

(I) COMPUTATION OF EARNINGS PER SHARE

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

 

 

 

For the Three Months
Ended September 30,

 

 

For the Six Months
Ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Weighted-Average Shares of Common Stock Outstanding

 

 

47,809,476

 

 

 

49,828,189

 

 

 

47,911,276

 

 

 

49,797,972

 

Common Equivalent Shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assumed Exercise of Outstanding Dilutive Options

 

 

864,378

 

 

 

1,278,908

 

 

 

951,783

 

 

 

1,303,636

 

Less: Shares Repurchased from Assumed Proceeds of Assumed Exercised Options

 

 

(600,322

)

 

 

(866,236

)

 

 

(657,730

)

 

 

(871,354

)

Restricted Shares

 

 

155,953

 

 

 

229,290

 

 

 

169,787

 

 

 

230,693

 

Weighted-Average Common and Common Equivalent Shares Outstanding

 

 

48,229,485

 

 

 

50,470,151

 

 

 

48,375,116

 

 

 

50,460,947

 

Shares Excluded Due to Anti-dilution Effects

 

 

646,593

 

 

 

596,973

 

 

 

669,406

 

 

 

527,330