COMPUTATION OF EARNINGS PER SHARE

9 Months Ended

Dec. 31, 2019

(L) COMPUTATION OF EARNINGS PER SHARE

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

	For the Three Months Ended December 31,					For the Nine Months Ended December 31,
	2019		2018			2019		2018
Weighted Average Shares of Common Stock Outstanding		41,314,289		46,275,198			42,246,329		47,059,408
Effect of Dilutive Shares:
Assumed Exercise of Outstanding Dilutive Options		—		268,283			—		629,968
Less Shares Repurchased from Proceeds of Assumed Exercised Options		—		(171,402	)		—		(442,898	)
Restricted Stock Units		—		123,915			—		156,793
Weighted Average Common Stock and Dilutive Securities Outstanding		41,314,289		46,495,994			42,246,329		47,403,271
Shares Excluded Due to Anti-dilution Effects		655,889		756,035			657,964		360,976

There are no dilutive instruments for the three and nine month periods ended December 31, 2019, as the inclusion of these instruments would be anti-dilutive. Of the shares excluded due to anti-dilution effects, 301,206 shares and 281,031 shares would have been considered dilutive if not for the net loss position for the three and nine months ended December 31, 2019, respectively.