EARNINGS PER SHARE

12 Months Ended

Mar. 31, 2019

10.	EARNINGS PER SHARE

Basic earnings per share is computed by dividing net earnings attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net earnings per share include the potential dilution of securities that could participate in our earnings, but not securities that are anti-dilutive.

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, 2019, 2018 and 2017 (in thousands, except per share data).

	2019		2018		2017

Net earnings attributable to common shareholders - basic and diluted	$	63,192	$	55,122	$	50,556

Basic and diluted common shares outstanding:
Weighted average common shares outstanding — basic		13,448		13,790		13,867
Effect of dilutive shares		130		177		161
Weighted average shares common outstanding — diluted		13,578		13,967		14,028

Earnings per common share - basic	$	4.70	$	4.00	$	3.65

Earnings per common share - diluted	$	4.65	$	3.95	$	3.60