Earnings Per Share

12 Months Ended

Mar. 31, 2017

Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of shares of common stock outstanding plus the effect of potentially dilutive common shares outstanding during the period using the treasury stock method, which includes stock options and restricted stock units. The following table sets forth the computation of basic and diluted earnings per share:



	Year Ended March 31,
(In thousands, except per share data)	2017		2016		2015
Numerator
Net income	$	69,395	$	99,907	$	78,260

Denominator
Denominator for basic earnings per share - weighted average shares outstanding	52,976		52,754		52,170
Dilutive effect of unvested restricted stock units and options issued to employees and directors	386		389		500
Denominator for diluted earnings per share	53,362		53,143		52,670

Earnings per Common Share:
Basic net earnings per share	$	1.31	$	1.89	$	1.50

Diluted net earnings per share	$	1.30	$	1.88	$	1.49

For 2017, 2016, and 2015 there were 0.2 million, less than 0.1 million, and 0.3 million shares, respectively, attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.