EARNINGS PER SHARE ("EPS")

9 Months Ended

Dec. 31, 2019

EARNINGS PER SHARE ("EPS")

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


	Three Months Ended December 31,						Nine Months Ended December 31,
	2019		2018		2019		2018
Computation of Basic earnings per share:
Net income	$	163,642	$	179,948	$	281,737	$	277,007
Weighted average shares outstanding—basic	113,251		113,433		112,996		113,390
Basic earnings per share	$	1.44	$	1.59	$	2.49	$	2.44

Computation of Diluted earnings per share:
Net income	$	163,642	$	179,948	$	281,737	$	277,007



Weighted average shares outstanding—basic	113,251		113,433		112,996		113,390
Add: dilutive effect of common stock equivalents	1,003		1,304		1,013		1,528
Weighted average common shares outstanding—diluted	114,254		114,737		114,009		114,918

Diluted earnings per share	$	1.43	$	1.57	$	2.47	$	2.41

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 December 31, 2019, we have no material participating securities outstanding.

During the nine months ended December 31, 2019, 1,674 restricted stock awards vested, we granted 887 unvested restricted stock awards, and 80 unvested restricted stock awards were forfeited.