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EARNINGS PER SHARE | 12 Months Ended
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Mar. 31, 2019
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE |
10. | EARNINGS PER SHARE
Basic earnings per share is computed by dividing net earnings attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net earnings per share include the potential dilution of securities that could participate in our earnings, but not securities that are anti-dilutive. The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net earnings per common share as disclosed in our consolidated statements of operations for the fiscal years ended March 31, 2019, 2018 and 2017 (in thousands, except per share data).
|  | 2019 |  |  | 2018 |  |  | 2017 |
Net earnings attributable to common shareholders - basic and diluted |  | $ | 63,192 |  |  | $ | 55,122 |  |  | $ | 50,556 |
Basic and diluted common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding — basic |  |  | 13,448 |  |  |  | 13,790 |  |  |  | 13,867 |
Effect of dilutive shares |  |  | 130 |  |  |  | 177 |  |  |  | 161 |
Weighted average shares common outstanding — diluted |  |  | 13,578 |  |  |  | 13,967 |  |  |  | 14,028 |
Earnings per common share - basic |  | $ | 4.70 |  |  | $ | 4.00 |  |  | $ | 3.65 |
Earnings per common share - diluted |  | $ | 4.65 |  |  | $ | 3.95 |  |  | $ | 3.60 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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