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Earnings Per Share | 6 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share:
|  | Three Months Ended September 30, |  | Six Months Ended September 30,
(In thousands, except per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator |  |  |  |  |  |  |  |
Net income |  | $ | 54,377 |  |  | $ | 53,559 |  |  | $ | 103,445 |  |  | $ | 106,835 |
Denominator |  |  |  |  |  |  |  |
Denominator for basic earnings per share — weighted average shares outstanding |  | 49,652 |  |  | 49,687 |  |  | 49,768 |  |  | 49,727 |
Dilutive effect of unvested restricted stock units and options issued to employees and directors |  | 346 |  |  | 394 |  |  | 364 |  |  | 411 |
Denominator for diluted earnings per share |  | 49,998 |  |  | 50,081 |  |  | 50,132 |  |  | 50,138 |
Earnings per Common Share: |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 1.10 |  |  | $ | 1.08 |  |  | $ | 2.08 |  |  | $ | 2.15 |
Diluted earnings per share |  | $ | 1.09 |  |  | $ | 1.07 |  |  | $ | 2.06 |  |  | $ | 2.13 |
For the three months ended September 30, 2024 and 2023, there were 0.2 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. For the six months ended September 30, 2024 and 2023, there were 0.2 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.

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