The following table sets forth the reconciliation of the numerator and the denominator of basic and diluted earnings per share for the years ended March 31, 2025, 2024 and 2023: | | | | | | | | | | | | | | | | | | | | | | | Year Ended March 31, | | (amounts in thousands, except per share data) | | 2025 | | 2024 | | 2023 | | Net income | | $ | 137,484 | | | $ | 102,539 | | | $ | 96,574 | | | | | | | | | | Income attributable to redeemable noncontrolling interest | | (832) | | | (891) | | | (139) | | | Net income attributable to CSW Industrials, Inc. | | $ | 136,652 | | | $ | 101,648 | | | $ | 96,435 | | | Weighted average shares: | | | | | | | | Common stock | | 16,148 | | | 15,427 | | | 15,401 | | | Participating securities | | 94 | | | 106 | | | 108 | | | Denominator for basic earnings per common share | | 16,242 | | | 15,533 | | | 15,509 | | | Potentially dilutive securities | | 72 | | | 48 | | | 37 | | | Denominator for diluted earnings per common share | | 16,314 | | | 15,581 | | | 15,546 | | | | | | | | | | Basic earnings per common share: | | $ | 8.41 | | | $ | 6.54 | | | $ | 6.22 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted earnings per common share: | | $ | 8.38 | | | $ | 6.52 | | | $ | 6.20 | | | | | | | | | | | | | | | | | | | | | | |
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