Basic net (loss) income per common share is calculated by dividing the net (loss) income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for potentially dilutive securities. For purposes of the diluted net (loss) income per share calculation, stock options, restricted stock units and awards are considered to be potentially dilutive securities. Diluted earnings per share is computed using the treasury stock method.

The following table reconciles net (loss) income and weighted-average common shares used to compute basic and diluted net (loss) income per share:


	Three months ended December 31,				Nine months ended December 31,
	2025		2024		2025		2024

Net (loss) income:	$	(6,601)	$	7,710	$	72,115	$	(20,580)
Weighted-average common shares:
Basic weighted-average shares	18,682,899		18,609,736		18,664,047		18,557,453
Add: dilutive effect of stock options and restricted stock units	—		173,709		48,666		—
Diluted weighted-average common shares	18,682,899		18,783,445		18,712,713		18,557,453

For the three months ended December 31, 2025, there were 13,574 potentially dilutive stock options and restricted stock units outstanding, excluded from the calculation of diluted weighted-average shares because the Company reported a net loss. For the nine months ended December 31, 2025, there were 2,094,997 stock options and restricted stock units outstanding, excluded from the calculation of diluted weighted-average shares because the effect was anti-dilutive. For the three months ended December 31, 2024, there were 1,628,191 stock options and restricted stock units outstanding, excluded from the calculation of diluted weighted-average shares because the effect was anti-dilutive. For the nine months ended December 31, 2024, there were 248,383 potentially dilutive stock options and restricted stock units outstanding, excluded from the calculation of diluted weighted-average shares because the Company reported a net loss.