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Earnings Per Share
 9 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

10. Earnings Per Share

Basic net income per share attributable to the Company was computed by dividing net income attributable to the Company by the average number of common shares outstanding during the period. Diluted earnings per share is calculated using our weighted-average outstanding common shares, including the dilutive effect of stock awards as determined under the treasury stock method.

 

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

 

Three months ended

 

Nine months ended

 

(Dollars and shares in thousands, except per share data)

 

December 31,
2022

 

 

January 1,
2022

 

 

December 31,
2022

 

 

January 1,
2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to the Company's common shareholders

 

$

82,813

 

 

$

67,622

 

 

$

344,056

 

 

$

161,246

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

56,971

 

 

 

56,847

 

 

 

56,946

 

 

 

56,787

 

Dilutive securities

 

 

406

 

 

 

491

 

 

 

444

 

 

 

498

 

Diluted weighted-average shares outstanding

 

 

57,377

 

 

 

57,338

 

 

 

57,390

 

 

 

57,285

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

1.45

 

 

$

1.19

 

 

$

6.04

 

 

$

2.84

 

Diluted net income per share

 

$

1.44

 

 

$

1.18

 

 

$

6.00

 

 

$

2.81