v3.26.1
Earnings per Share
3 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings per Share

8. Earnings per Share

The following data shows the amounts used in computing earnings per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares.

 

Three Months Ended June 30,

 

(In thousands, except per share data)

2026

 

 

2025

 

Numerator:

 

 

 

 

 

Net income

$

8,992

 

 

$

4,890

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted average shares outstanding - basic

 

28,102

 

 

 

27,794

 

Dilutive SSARs

 

229

 

 

 

297

 

Dilutive unvested restricted stock units

 

34

 

 

 

36

 

Dilutive unvested restricted shares

 

55

 

 

 

162

 

Weighted average shares outstanding - diluted

 

28,420

 

 

 

28,289

 

 

 

 

 

 

 

Net Income per share - basic:

$

0.32

 

 

$

0.18

 

Net Income per share - diluted:

$

0.32

 

 

$

0.17

 

 

 

 

 

 

 

Anti-dilutive restricted shares, restricted stock units, and performance shares

 

234

 

 

 

138

 

Basic income per share is computed as net income attributable to common shareholders divided by the weighted average basic shares outstanding. The outstanding shares used to calculate the weighted average basic shares excludes 70,846 and 161,944 of restricted shares at June 30, 2026 and 2025, respectively, as these shares were issued but were not vested and therefore not considered outstanding for purposes of computing basic income per share at the balance sheet dates.

Diluted net income per share includes the effect of all potentially dilutive securities on earnings per share. We have stock-settled appreciation rights (SSARs), unvested restricted shares, restricted stock units, employee stock purchase plan (ESPP) shares, and performance shares, that are potentially dilutive securities.