EARNINGS PER SHARE

9 Months Ended

Dec. 31, 2019

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 December 31,		Nine Months Ended December 31,
	(in thousands)		(in thousands)
	2019	2018	2019	2018
Weighted average common shares outstanding – basic	50,395	49,668	50,074	49,616
Net effect of dilutive stock options and non-vested stock⁽¹⁾	—	—	517	—
Weighted average common shares outstanding – diluted	50,395	49,668	50,591	49,616

(1) For the three and nine months ended December 31, 2019 and 2018, 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.