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Earnings Per Share
 9 Months Ended
Dec. 31, 2014
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 1.8 million and 1.3 million shares covered by outstanding stock options that were not dilutive for the three months ended December 31, 2014 and 2013, respectively. There were approximately 1.8 million and 1.4 million shares covered by outstanding stock options that were not dilutive for the nine months ended December 31, 2014 and 2013, respectively.
The following table presents the computation of basic and diluted weighted average common shares outstanding for the three and nine months ended December 31, 2014 and 2013:
 
Three Months Ended
 
Nine Months Ended
 
December 31,
 
December 31,
(In thousands)
2014
 
2013
 
2014
 
2013
Weighted average common shares outstanding:
 
 
 
 
 
 
 
Basic shares outstanding
74,767

 
73,767

 
74,534

 
73,505

Incremental shares from assumed exercises of stock options and options under the ESPP
1,187

 
1,327

 
1,187

 
1,307

Diluted shares outstanding
75,954

 
75,094

 
75,721

 
74,812