Earnings Per Share

6 Months Ended

Sep. 30, 2015

Earnings per Share

The dual presentation of “basic” and “diluted” earnings per share (“EPS”) is provided below. Shares discussed below are in thousands.



	Three Months Ended September 30,				Six Months Ended September 30,
	2015		2014		2015		2014
Net income	$	8,315	$	4,750	$	14,677	$	9,913
Basic net income per share:
Weighted-average shares outstanding — Basic	60,461		60,247		60,387		60,238
Basic net income per common share	$	0.14	$	0.08	$	0.24	$	0.16

Net income	$	8,315	$	4,750	$	14,677	$	9,913
Diluted net income per share:
Weighted-average shares outstanding — Basic	60,461		60,247		60,387		60,238
Effect of potentially dilutive securities	733		541		742		544
Weighted-average shares outstanding — Diluted	61,194		60,788		61,129		60,782
Diluted net income per common share	$	0.14	$	0.08	$	0.24	$	0.16

The computation of diluted net income per share does not include 1,990 and 1,878 options to acquire shares of common stock for the three and six months ended September 30, 2015, respectively, because their inclusion would have an anti-dilutive effect on net income per share.

The computation of diluted net income per share does not include 1,737 and 1,615 options to acquire shares of common stock for the three and six months ended September 30, 2014, respectively, because their inclusion would have an anti-dilutive effect on net income per share.