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Earnings Per Share | 9 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 8. Earnings per Share The following data shows the amounts used in computing earnings per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares.
| Three months ended December 31, |  |  | Nine months ended December 31, |
(In thousands, except per share data) | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 77,141 |  |  | $ | 3,892 |  |  | $ | 83,234 |  |  | $ | 10,507 |
Series A convertible preferred stock dividends |  | (286 | ) |  |  | (459 | ) |  |  | (1,204 | ) |  |  | (1,377 | )
Net income attributable to common shareholders | $ | 76,855 |  |  | $ | 3,433 |  |  | $ | 82,030 |  |  | $ | 9,130 |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - basic |  | 25,808 |  |  |  | 24,703 |  |  |  | 25,256 |  |  |  | 24,651 |
Dilutive SSARs |  | 920 |  |  |  | 1,149 |  |  |  | 951 |  |  |  | 996 |
Dilutive unvested restricted shares |  | 223 |  |  |  | 218 |  |  |  | 239 |  |  |  | 133 |
Dilutive unvested restricted stock units |  | 28 |  |  |  | — |  |  |  | 17 |  |  |  | — |
Weighted average shares outstanding - diluted |  | 26,979 |  |  |  | 26,070 |  |  |  | 26,463 |  |  |  | 25,780 |
Income per share - basic: | $ | 2.98 |  |  | $ | 0.14 |  |  | $ | 3.25 |  |  | $ | 0.37 |
Income per share - diluted: | $ | 2.85 |  |  | $ | 0.13 |  |  | $ | 3.10 |  |  | $ | 0.35 |
Anti-dilutive SSARs, restricted shares, performance shares and preferred shares |  | 89 |  |  |  | 1,736 |  |  |  | 30 |  |  |  | 1,751 |
Basic income per share is computed as net income attributable to common shareholders divided by the weighted average basic shares outstanding. The outstanding shares used to calculate the weighted average basic shares excludes 454,336 and 459,306 of restricted shares at December 31, 2023 and 2022, respectively, as these shares were issued but were not vested and therefore, not considered outstanding for purposes of computing basic income per share at the balance sheet dates. Diluted income per share includes the impact of all potentially dilutive securities on earnings per share. We have stock-settled appreciation rights (SSARs), restricted shares, restricted stock units, and preferred shares that are potentially dilutive securities.

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