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Net Income Per Share (Tables)
9 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule of computations of basic and diluted net income per share
The following table summarizes the computations of basic and diluted net income per share for the three and nine months ended December 31, 2019 and 2018 (in thousands, except per share amounts):
 
 
Three Months Ended
December 31,
 
Nine Months Ended
December 31,
 
 
2019
 
2018
 
2019
 
2018
Net income
 
$
117,525

 
$
112,810

 
$
235,803

 
$
215,452

 
 
 
 
 
 
 
 
 
Shares used in net income per share computation:
 
 

 
 

 
 
 
 
Weighted average shares outstanding - basic
 
167,063

 
165,707

 
166,678

 
165,552

Effect of potentially dilutive equivalent shares
 
2,622

 
3,200

 
2,495

 
3,414

Weighted average shares outstanding - diluted
 
169,685

 
168,907

 
169,173

 
168,966

 
 
 
 
 
 
 
 
 
Net income per share:
 
 

 
 

 
 
 
 
Basic
 
$
0.70

 
$
0.68

 
$
1.41

 
$
1.30

Diluted
 
$
0.69

 
$
0.67

 
$
1.39

 
$
1.28