EARNINGS PER SHARE

The Company computes basic and diluted earnings per share amounts based on net income for the periods presented. The Company uses the weighted average number of common shares outstanding during the period to calculate basic earnings per share, or EPS. Diluted EPS adjusts the weighted average number of shares outstanding to include the dilutive effect of outstanding common stock options and other stock-based awards.

The Company currently has outstanding shares of Class A Common Stock and Class E Special Voting Common Stock. During the three months ended September 30, 2014, the Company converted all issued and outstanding shares of Class B Non-Voting Common Stock and Class C Restricted Common Stock into shares of Class A Common Stock on a one-for-one basis. Class E Special Voting Common Stock shares are not included in the calculation of EPS as these shares represent voting rights only and are not entitled to participate in dividends or other distributions. Unvested Class A Restricted Common Stock holders are entitled to participate in non-forfeitable dividends or other distributions. These unvested shares participated in the Company's dividends declared and paid in the first, second, and third quarters of fiscal 2015 and 2014. As such, EPS is calculated using the two-class method whereby earnings are reduced by distributed earnings as well as any available undistributed earnings allocable to holders of unvested restricted shares. A reconciliation of the income used to compute basic and diluted EPS for the periods presented are as follows:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2014		2013		2014		2013
Earnings for basic computations (1)	$	52,010	$	45,689	$	186,275	$	183,605
Weighted-average Class A Common Stock outstanding	146,664,977		140,948,396		144,482,223		138,540,878
Weighted-average Class B Non-Voting Common Stock outstanding	0		947,259		293,071		1,087,755
Weighted-average Class C Restricted Common Stock outstanding	0		968,405		504,112		1,042,537
Total weighted-average common shares outstanding for basic computations	146,664,977		142,864,060		145,279,406		140,671,170
Earnings for diluted computations (1)	$	52,025	$	45,689	$	186,275	$	183,605
Dilutive stock options and restricted stock	4,014,108		5,971,223		4,960,430		7,494,020
Average number of common shares outstanding for diluted computations	150,679,085		148,835,283		150,239,836		148,165,190
Earnings per common share
Basic	$	0.35	$	0.32	$	1.28	$	1.31
Diluted	$	0.35	$	0.31	$	1.24	$	1.24

(1) During the three months ended December 31, 2014 and 2013, approximately 2.2 million and 1.3 million participating securities were paid dividends totaling $250,000 and $1.5 million, respectively. During the nine months ended December 31, 2014 and 2013, approximately 2.2 million and 1.3 million participating securities were paid dividends totaling $2.9 million and $1.7 million, respectively. For the three months ended December 31, 2014 there were undistributed earnings of $550,000 and $540,000 allocated to the participating class of securities in basic and diluted earnings per share, respectively. The allocated undistributed earnings and the dividends paid comprise the difference between net income presented on the condensed consolidated statements of operations for the three months ended December 31, 2014 and earnings for basic computations, while only the dividends paid comprise the difference in net income for the three months ended December 31, 2013, and nine months ended December 31, 2014 and 2013 as there were no undistributed earnings.

The EPS calculation for the three and nine months ended December 31, 2014 excludes 100,000 and 302,000 options, respectively, as their impact was anti-dilutive. The EPS calculation for the three and nine months ended December 31, 2013 excludes 101,000 and 104,000 options, respectively, as their impact was anti-dilutive.