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EARNINGS PER SHARE | 9 Months Ended
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Dec. 31, 2024
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE | 10. EARNINGS PER SHARE Basic earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding plus common stock equivalents during each period. The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net income per common share as disclosed on our unaudited consolidated statements of operations for the three and nine months ended December 31, 2024, and 2023, respectively (in thousands, except per share data).
|  | Three Months Ended December 31, |  | Nine Months Ended December 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Net earnings attributable to common shareholders — basic and diluted |  | $ | 24,133 |  |  | $ | 27,282 |  |  | $ | 82,782 |  |  | $ | 93,793 |
Basic and diluted common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding — basic |  |  | 26,495 |  |  |  | 26,618 |  |  |  | 26,568 |  |  |  | 26,598 |
Effect of dilutive shares |  |  | 125 |  |  |  | 79 |  |  |  | 159 |  |  |  | 67 |
Weighted average common shares outstanding — diluted |  |  | 26,620 |  |  |  | 26,697 |  |  |  | 26,727 |  |  |  | 26,665 |
Earnings per common share — basic |  | $ | 0.91 |  |  | $ | 1.02 |  |  | $ | 3.12 |  |  | $ | 3.53 |
Earnings per common share — diluted |  | $ | 0.91 |  |  | $ | 1.02 |  |  | $ | 3.10 |  |  | $ | 3.52 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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