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Earnings Per Share
 3 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of shares of common stock outstanding plus the effect of potentially dilutive common shares outstanding during the period using the treasury stock method, which includes stock options, restricted stock awards, and restricted stock units. The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended June 30,
(In thousands, except per share data)
 
2014
 
2013
Numerator
 
 
 
 
Net income
 
$
16,732

 
$
20,692

 
 
 

 
 

Denominator
 
 

 
 

Denominator for basic earnings per share — weighted average shares outstanding
 
51,956

 
51,222

Dilutive effect of unvested restricted common stock (including restricted stock units) and options issued to employees and directors
 
577

 
818

Denominator for diluted earnings per share
 
52,533

 
52,040

 
 
 

 
 

Earnings per Common Share:
 
 

 
 

Basic net earnings per share
 
$
0.32

 
$
0.40

 
 
 

 
 

Diluted net earnings per share
 
$
0.32

 
$
0.40



For the three months ended June 30, 2014 and 2013, there were 0.3 million and 0.2 million shares, respectively, attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.