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Net Income Per Share
6 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
 
The following table summarizes the computations of basic and diluted net income per share for the three and six months ended September 30, 2022 and 2021 (in thousands, except per share amounts):
Three Months Ended
September 30,
Six Months Ended
September 30,
 2022202120222021
Net income$82,091 $139,456 $182,927 $326,297 
Shares used in net income per share computation:    
Weighted average shares outstanding - basic163,186 168,389 163,937 168,380 
Effect of potentially dilutive equivalent shares1,142 2,954 1,434 3,302 
Weighted average shares outstanding - diluted164,328 171,343 165,371 171,682 
Net income per share:    
Basic$0.50 $0.83 $1.12 $1.94 
Diluted$0.50 $0.81 $1.11 $1.90 
 
Share equivalents attributable to outstanding stock options, restricted stock units ("RSUs") and employee share purchase plans ("ESPP") totaling 1.7 million and 0.5 million for the three months ended September 30, 2022 and 2021, respectively, and 2.6 million and 0.5 million for the six months ended September 30, 2022 and 2021, respectively, were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive. A small number of performance-based awards were not included in the calculation because all necessary conditions had 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 performance contingency period.