| Summary of Net Income Per Share |
The following table presents information necessary to calculate net income per share for the fiscal years ended March 31, 2026, 2025, and 2024, as well as potentially dilutive securities excluded from the weighted average number of diluted common shares outstanding because their inclusion would have been anti-dilutive: | | | | | | | | | | | | | | | | | | | (Amounts in thousands, except per share data) | 2026 | | 2025 | | 2024 | | NET INCOME PER SHARE — BASIC: | | | | | | | Net income from continuing operations available to common stockholders | $ | 427,555 | | | $ | 450,172 | | | $ | 509,915 | | | Net loss from discontinued operations, net of tax | (1,090) | | — | | — | | Net income attributable to common stockholders | 426,465 | | 450,172 | | 509,915 | | Weighted average number of common shares outstanding - Basic | 77,756 | | 77,549 | | 78,252 | | Net income from continuing operations available to common stockholders per share - Basic | $ | 5.50 | | | $ | 5.81 | | | $ | 6.52 | | | Net loss from discontinued operations per common share - Basic | $ | (0.01) | | | $ | — | | | $ | — | | | Net income per common share — Basic | $ | 5.48 | | | $ | 5.81 | | | $ | 6.52 | | | NET INCOME PER SHARE — DILUTED: | | | | | | | Net income from continuing operations available to common stockholders | $ | 427,555 | | | $ | 450,172 | | | $ | 509,915 | | | Net loss from discontinued operations, net of tax | (1,090) | | — | | — | | Net income available to common stockholders | 426,465 | | 450,172 | | 509,915 | | Weighted average number of common shares outstanding - Basic | 77,756 | | 77,549 | | 78,252 | | Assumed restricted stock - nonparticipating | 59 | | 64 | | 77 | | Assumed exercise of stock options | 423 | | 499 | | 602 | | Assumed performance units | 145 | | 76 | | 86 | Weighted average number of common shares outstanding - Diluted | 78,383 | | 78,188 | | 79,017 | | Net income from continuing operations available to common stockholders per share - Diluted | $ | 5.45 | | | $ | 5.76 | | | $ | 6.45 | | | Net loss from discontinued operations per common share - Diluted | $ | (0.01) | | | $ | — | | | $ | — | | | Net income per common share —Diluted | $ | 5.44 | | | $ | 5.76 | | | $ | 6.45 | | | Potentially dilutive securities excluded as anti-dilutive | 29 | | 27 | | 18 |
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