XML 25 R15.htm IDEA: XBRL DOCUMENT v3.25.0.1
BASIC AND DILUTED SHARES
9 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
BASIC AND DILUTED SHARES BASIC AND DILUTED SHARES
The reconciliation of basic to diluted weighted-average common shares outstanding was as follows:
 Three Months Ended December 31,Nine Months Ended December 31,
 2024202320242023
Basic151,820,000 153,985,000 152,307,000 155,716,000 
Dilutive effect of equity awards566,000 880,000 617,000 954,000 
Diluted152,386,000 154,865,000 152,924,000 156,670,000 
Excluded
RSUs— 5,000 16,000 8,000 
LTIP PSUs272,000 551,000 292,000 551,000 
Deferred Non-Employee Director Equity Awards1,000 2,000 1,000 2,000 
Employee Stock Purchase Plan3,000 3,000 — 1,000 

Excluded Awards. The equity awards excluded from the calculation of the dilutive effect have been excluded due to one of the following: (1) the shares were antidilutive; (2) the necessary conditions had not been satisfied for the shares to be deemed issuable based on the Company’s performance for the relevant performance period; or (3) the Company recorded a net loss during the period presented (such that inclusion of these equity awards in the calculation would have been antidilutive). The number of shares stated for each of these excluded awards is the maximum number of shares issuable pursuant to these awards. For those awards subject to the achievement of performance criteria, the actual number of shares to be issued pursuant to such awards will be based on Company performance in future periods, net of forfeitures, and may be materially lower than the number of shares presented, which could result in a lower dilutive effect. Refer to Note 6, “Stock-Based Compensation,” within this Quarterly Report and to Note 8, “Stock-Based Compensation,” in the Company’s consolidated financial statements in Part IV of the 2024 Annual Report for further information on the Company’s equity incentive plans.