EARNINGS PER SHARE

12 Months Ended

Mar. 31, 2026

12. EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding plus common stock equivalents during each period.

The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net earnings per common share as disclosed in our consolidated statements of operations for the fiscal years ended March 31, 2026, 2025 and 2024 (in thousands, except per share data):



		Year ended March 31,
		2026		2025		2024
Net earnings attributable to common shareholders – basic and diluted
Continuing operations	$	124,120	$	76,439	$	97,327
Discontinued operations		8,516		28,137		20,655
Net earnings	$	132,636	$	104,576	$	117,982

Basic and diluted common shares outstanding:
Weighted average common shares outstanding – basic		26,234		26,503		26,610
Effect of dilutive shares		137		163		107
Weighted average shares common outstanding – diluted		26,371		26,666		26,717

Net earnings per common share – basic
Continuing operations	$	4.73	$	2.88	$	3.66
Discontinued operations		0.32		1.06		0.78
Net earnings per common share – basic	$	5.05	$	3.94	$	4.44

Net earnings per common share – diluted
Continuing operations	$	4.71	$	2.87	$	3.64
Discontinued operations		0.32		1.06		0.77
Net earnings per common share – diluted	$	5.03	$	3.93	$	4.41