Computation of Earnings per Common Share

9 Months Ended

Dec. 31, 2011

Computation of Earnings per Common Share [Abstract]

Computation of Earnings per Common Share

Note 6 - Computation of Earnings per Common Share

Earnings per common share data were computed as follows (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
Basic earnings per share:	2011		2010		2011		2010
Numerator:
Net income	$	21,588	$	33,999	$	61,252	$	72,636
Denominator:
Weighted-average common shares outstanding		218,534		218,683		218,427		221,490
Basic earnings per share	$	0.10	$	0.16	$	0.28	$	0.33
Diluted earnings per share:
Numerator:
Net income	$	21,588	$	33,999	$	61,252	$	72,636
Denominator:
Weighted-average common shares outstanding		218,534		218,683		218,427		221,490
Dilutive effect of stock awards		3,349		6,475		4,134		3,622
Total shares		221,883		225,158		222,561		225,112
Diluted earnings per share	$	0.10	$	0.15	$	0.28	$	0.32

During the three and nine months ended December 31, 2011, stock awards to purchase a total of approximately 15.3 million and 10.9 million shares, respectively, were excluded from the diluted earnings per share calculation because they were anti-dilutive. During the three and nine months ended December 31, 2010, stock awards to purchase a total of approximately 5.2 million and 17.6 million shares, respectively, were excluded from the diluted earnings per share calculation because they were anti-dilutive.