Earnings Per Share

3 Months Ended

Jun. 30, 2015

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)	2015		2014
Numerator
Net income	$	26,173	$	16,732

Denominator
Denominator for basic earnings per share — weighted average shares outstanding	52,548		51,956
Dilutive effect of unvested restricted common stock (including restricted stock units) and options issued to employees and directors	410		577
Denominator for diluted earnings per share	52,958		52,533

Earnings per Common Share:
Basic net earnings per share	$	0.50	$	0.32

Diluted net earnings per share	$	0.49	$	0.32

For the three months ended June 30, 2015 and 2014, there were 0.2 million and 0.3 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.