EARNINGS PER SHARE (Tables)

12 Months Ended

Mar. 31, 2017

Reconciliation of Numerators and Denominators Used to Calculate Basic and Diluted Earnings per Common Share

The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net earnings per common share as disclosed in our consolidated statements of operations for the fiscal years ended March 31, 2017, 2016 and 2015 (in thousands, except per share data). The numbers of shares and per share amounts for the prior periods presented in the table have been retroactively restated to reflect the stock split. See Note 1 “Organization and Summary of Significant Accounting Policies” and Note 10 “Stockholders’ Equity” in the consolidated financial statements included elsewhere in this report for additional information on the stock split.

	Year Ended March 31,
	2017		2016		2015
Calculation of earnings per common share - basic:
Net earnings	$	50,556	$	44,747	$	45,840
Net earnings attributable to participating securities		-		-		59
Net earnings attributable to common shareholders	$	50,556	$	44,747	$	45,781

Calculation of earnings per common share - diluted:
Net earnings attributable to common shareholders— basic	$	50,556	$	44,747	$	45,781
Add: undistributed earnings attributable to participating securities		-		-		1
Net earnings attributable to common shareholders— diluted	$	50,556	$	44,747	$	45,782

Basic and diluted common shares outstanding:
Weighted average common shares outstanding — basic		13,867		14,513		14,636
Effect of dilutive shares		161		175		150
Weighted average shares common outstanding — diluted		14,028		14,688		14,786

Earnings per common share - basic	$	3.65	$	3.08	$	3.13

Earnings per common share - diluted	$	3.60	$	3.05	$	3.10