Weighted Average Shares and Net Income Per Share

9 Months Ended

Dec. 31, 2024

Weighted Average Shares and Net Income Per Share

Note 5 — Weighted Average Shares and Net Income Per Share

Net income per common and common equivalent share was computed by dividing net income by the weighted average number of common and common share equivalents outstanding during the period. During the quarter ended December 31, 2024, the Company effected the Stock Split. All prior period share, equity award and per share amounts and calculations in these consolidated financial statements and elsewhere in this report have been retroactively adjusted to reflect Stock Split. The following table sets forth the calculations of the basic and diluted weighted average common shares for the three and nine months ended December 31, 2024 and 2023:


	Three Months Ended
	December 31, 2024		December 31, 2023
Net Income	$	23,771,000	$	17,095,000
Basic:
Weighted average common shares outstanding		51,388,000		51,318,000
Net Income per share	$	0.46	$	0.33
Diluted:
Weighted average common shares outstanding		51,388,000		51,318,000
Treasury stock impact of stock options		650,000		660,000
Total common and common equivalent shares		52,038,000		51,978,000
Net Income per share	$	0.46	$	0.33


	Nine Months Ended
	December 31, 2024		December 31, 2023
Net Income	$	68,746,000	$	56,798,000
Basic:
Weighted average common shares outstanding		51,384,000		51,372,000
Net Income per share	$	1.34	$	1.11
Diluted:
Weighted average common shares outstanding		51,384,000		51,372,000
Treasury stock impact of stock options		615,000		684,000
Total common and common equivalent shares		51,999,000		52,056,000
Net Income per share	$	1.32	$	1.09