Earnings Per Share (Tables)

12 Months Ended

Mar. 31, 2026

Schedule of Reconciliation of the Income Used to Compute Basic and Diluted EPS

A reconciliation of the income used to compute basic and diluted EPS for the periods presented are as follows:


	Fiscal Year Ended March 31,
	2026		2025		2024
Numerator: (1)
Earnings for basic computations	$	845	$	930	$	601
Earnings for diluted computations	$	845	$	930	$	601
Denominator:
Weighted-average common stock shares outstanding, basic	122,071,669		127,763,166		130,366,501
Dilutive stock options and restricted stock	303,482		527,251		449,402
Weighted-average common stock shares outstanding, diluted (2)	122,375,151		128,290,417		130,815,903
Earnings per share of common share:
Basic	$	6.92	$	7.28	$	4.61
Diluted (2)	$	6.90	$	7.25	$	4.59

(1) The difference between earnings for basic and diluted computations and net income presented on the consolidated statements of operations is due to undistributed earnings and dividends allocated to the participating securities. During fiscal 2026, 2025, and 2024, respectively, approximately 0.9 million, 0.7 million, and 1.1 million shares of participating securities were paid dividends totaling $2 million, $1 million, and $2 million, respectively. There were undistributed earnings of $4 million in both fiscal 2026 and 2025, and $3 million in fiscal 2024, allocated to the participating class of securities in both basic and diluted earnings per share of common stock.

(2) The impact of anti-dilutive options excluded from the calculation of diluted EPS was not material during the periods presented.