Earnings per Share

9 Months Ended

Dec. 31, 2020

Basic net income per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period.

Diluted net income per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period and including the dilutive effects of employee stock-based awards outstanding during the period.

The following table sets forth the computation of net income from continuing operations, net of taxes, per share of common stock (in thousands, except per share amounts):


	Three months ended December 31,				Nine months ended December 31,
	2020		2019		2020		2019
Income from continuing operations, net of taxes	$	14,515	$	3,261	$	24,828	$	253
Weighted-average common shares outstanding, basic	89,003		85,876		88,140		83,869
Basic net income per common share	$	0.16	$	0.04	$	0.28	$	—
Weighted-average common shares outstanding, diluted	96,976		92,472		95,563		89,759
Diluted net income per common share	0.15		0.04		0.26		—