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Weighted Average Shares and Net Income Per Share | 6 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Weighted Average Shares and Net Income Per Share | Note 5 — Weighted Average Shares and Net Income Per Share Net income per common and common equivalent share was computed by dividing net income by the weighted average number of common and common share equivalents outstanding during the period. During the quarter ended December 31, 2024, the Company effected the Stock Split. All prior period share, equity award and per share amounts and calculations in these consolidated financial statements and elsewhere in this report have been retroactively adjusted to reflect Stock Split. The following table sets forth the calculations of the basic and diluted weighted average common shares for the three and six months ended September 30, 2025 and 2024:
|  | Three Months Ended |
|  | September 30, 2025 |  |  | September 30, 2024 |
Net Income |  | $ | 27,906,000 |  |  | $ | 23,398,000 |
Basic: |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 51,314,000 |  |  |  | 51,399,000 |
Net Income per share |  | $ | 0.54 |  |  | $ | 0.46 |
Diluted: |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 51,314,000 |  |  |  | 51,399,000 |
Treasury stock impact of stock options |  |  | 409,000 |  |  |  | 624,000 |
Total common and common equivalent shares |  |  | 51,723,000 |  |  |  | 52,023,000 |
Net Income per share |  | $ | 0.54 |  |  | $ | 0.45 |
|  | Six Months Ended |
|  | September 30, 2025 |  |  | September 30, 2024 |
Net Income |  | $ | 55,141,000 |  |  | $ | 44,975,000 |
Basic: |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 51,333,000 |  |  |  | 51,381,000 |
Net Income per share |  | $ | 1.07 |  |  | $ | 0.88 |
Diluted: |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 51,333,000 |  |  |  | 51,381,000 |
Treasury stock impact of stock options |  |  | 484,000 |  |  |  | 600,000 |
Total common and common equivalent shares |  |  | 51,817,000 |  |  |  | 51,981,000 |
Net Income per share |  | $ | 1.06 |  |  | $ | 0.87 |

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