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Earnings per Share
6 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings per Share

8.    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 September 30,

 

 

Six Months Ended September 30,

 

 

 

(in thousands)

 

 

(in thousands)

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Weighted average common shares outstanding – basic

 

 

52,011

 

 

 

49,987

 

 

 

51,941

 

 

 

49,927

 

Net effect of dilutive stock options and non-vested stock (1)

 

 

—

 

 

 

473

 

 

 

—

 

 

 

458

 

Weighted average common shares outstanding – diluted

 

 

52,011

 

 

 

50,460

 

 

 

51,941

 

 

 

50,385

 

(1)

For the three and six months ended September 30, 2020 and 2019, 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.