Earnings per Share

3 Months Ended

Jun. 30, 2021

7. EARNINGS PER SHARE

The following is a reconciliation between the weighted average outstanding shares used in the calculation of basic and diluted earnings per share:


	Three Months Ended June 30,
	(in thousands)
	2021		2020
Weighted average common shares outstanding – basic		64,299		51,860
Net effect of dilutive stock options and non-vested stock (1)		—		—
Weighted average common shares outstanding – diluted		64,299		51,860

(1) For the three months ended June 30, 2021 and 2020, the shares that could potentially dilute earnings per share in the future but were not included in diluted weighted average common shares outstanding because to do so would have been anti-dilutive were immaterial.