Net Income per Share

12 Months Ended

Mar. 31, 2019

The computations of basic and diluted net income per share for the Company were as follows (in thousands except per share amounts):



	Years Ended March 31,
	2019		2018		2017
Net Income	$	257,573	$	208,542	$	205,876

Shares used in net income per share computation:
Weighted average shares outstanding - basic	165,609		164,038		162,058
Effect of potentially dilutive equivalent shares	3,356		4,933		3,482
Weighted average shares outstanding - diluted	168,965		168,971		165,540

Net income per share:
Basic	$	1.56	$	1.27	$	1.27
Diluted	$	1.52	$	1.23	$	1.24

Share equivalents attributable to outstanding stock options, restricted stock units ("RSUs") and employee share purchase rights totaling 1.8 million, 1.1 million and 1.4 million during fiscal years 2019, 2018 and 2017 were excluded from the calculation of diluted net income per share because the combined exercise price and average unamortized grant date fair value of these options and ESPP or vesting of RSUs were greater than the average market price of the Company's shares during the periods presented herein, and therefore their inclusion would have been anti-dilutive. Performance-based awards were not included because all necessary conditions have not been satisfied by the end of the respective period, and those shares were not issuable if the end of the reporting period were the end of the contingency period.