Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Common Share (Tables)

v3.19.3.a.u2
Basic and Diluted Net Income (Loss) Per Common Share (Tables)
9 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule of basic EPS and diluted EPS The following table presents net income per basic and diluted share (amounts in thousands, except per share data):
 
Three Months Ended December 31,
 
Nine Months Ended December 31,
 
2019
 
2018
 
2019
 
2018
Numerator:
 

 
 

 
 
 
 
Net income
$
16,602

 
$
40,806

 
$
41,682

 
$
113,167

Denominator:
 

 
 

 
 
 
 
Weighted-average shares outstanding:
 

 
 

 
 
 
 
Basic
58,646

 
58,010

 
58,509

 
57,717

Assumed conversion of employee stock grants
883

 
1,101

 
819

 
1,399

Diluted
59,529

 
59,111

 
59,328

 
59,116

 
 
 
 
 
 
 
 
Net income per basic share
$
0.28

 
$
0.70

 
$
0.71

 
$
1.96

 
 
 
 
 
 
 
 
Net income per diluted share
$
0.28

 
$
0.69

 
$
0.70

 
$
1.91