Net income per share

3 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Net income per share

Net income per share

The Company computes basic net income per share using the weighted average number of common shares outstanding. Diluted net income per share amounts are calculated using the treasury stock method for equity-based compensation awards. The following is a reconciliation of the numerator and denominator in the basic and diluted net income per common share computations (in thousands, except share and per share data):

	Three months ended June 30,
	2020		2019
Numerator:
Net income	$	1,512	$	3,706
Denominator:
Weighted average common shares outstanding - basic	48,924,454		48,345,942
Dilutive common equivalent shares from equity awards	2,015,484		1,971,146
Weighted average common shares outstanding - diluted	50,939,938		50,317,088
Net income per share:
Basic	$	0.03	$	0.08
Diluted	$	0.03	$	0.07
Weighted average anti-dilutive shares from outstanding equity awards excluded from diluted earnings per share	2,567,951		2,891,303