EARNINGS PER SHARE ("EPS")

6 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE ("EPS")

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



	Three Months Ended September 30,				Six Months Ended September 30,
	2019		2018		2019		2018
Computation of Basic earnings per share:
Net income	$	71,815	$	25,367	$	118,095	$	97,060
Weighted average shares outstanding—basic	113,117		113,735		112,869		113,339
Basic earnings per share	$	0.63	$	0.22	$	1.05	$	0.86

Computation of Diluted earnings per share:
Net income	$	71,815	$	25,367	$	118,095	$	97,060

Weighted average shares outstanding—basic	113,117		113,735		112,869		113,339
Add: dilutive effect of common stock equivalents	960		2,360		1,056		2,462
Weighted average common shares outstanding—diluted	114,077		116,095		113,925		115,801

Diluted earnings per share	$	0.63	$	0.22	$	1.04	$	0.84

Certain of our unvested stock-based awards (including restricted stock units and restricted stock awards) are considered participating securities since these securities have non-forfeitable rights to dividends or dividend equivalents during the contractual period of the award and thus requires the two-class method of computing EPS. As of September 30, 2019, we have no material participating securities outstanding.

During the six months ended September 30, 2019, 1,501 restricted stock awards vested, we granted 716 unvested restricted stock awards, and 66 unvested restricted stock awards were forfeited.