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Earnings Per Share
 9 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS PER SHARE
Basic earnings per share is calculated by dividing net earnings by the weighted average number of shares of the Company’s common stock outstanding during the period. Outstanding shares consist of issued shares less treasury stock. Diluted earnings per share is calculated by dividing net earnings by the weighted average common shares outstanding adjusted for the dilutive effect of common stock equivalents related to stock options and the Company’s ESPP.
Outstanding stock options that are anti-dilutive are excluded from the Company’s diluted earnings per share computation. There were approximately 1.3 million and 1.4 million shares covered by outstanding stock options that were not dilutive for the three months ended December 31, 2013 and 2012, respectively. There were approximately 1.4 million and 1.3 million shares covered by outstanding stock options that were not dilutive for the nine months ended December 31, 2013 and 2012, respectively.
The table below presents the computation of basic and diluted weighted average common shares outstanding for the three and nine months ended December 31, 2013 and 2012:

 
Three Months Ended
 
Nine Months Ended
 
December 31,
 
December 31,
(In thousands)
2013
 
2012
 
2013
 
2012
Weighted average common shares outstanding:
 
 
 
 
 
Basic shares outstanding
73,767

 
77,417

 
73,505

 
77,123

Incremental shares from assumed exercises of stock options and options under the ESPP
1,327

 
1,527

 
1,307

 
1,760

Diluted shares outstanding
75,094

 
78,944

 
74,812

 
78,883