v3.26.3
Net Income Per Share
6 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
 
The following table summarizes the computations of basic and diluted net income per share for the three and six months ended September 30, 2026 and 2025 (in thousands, except per share amounts):
Three Months Ended
September 30,
Six Months Ended
September 30,
2026202520262025
Net income$180,035 $170,670 $415,732 $316,685 
Shares used in net income per share computation:
Weighted average shares outstanding - basic142,946 147,123 143,214 147,487 
Effect of potentially dilutive equivalent shares824 1,299 1,184 1,244 
Weighted average shares outstanding - diluted143,770 148,422 144,398 148,731 
Net income per share:
Basic$1.26 $1.16 $2.90 $2.15 
Diluted$1.25 $1.15 $2.88 $2.13 
 
Share equivalents attributable to outstanding restricted stock units and employee share purchase plans totaling 0.8 million and 0.2 million for the three months ended September 30, 2026 and 2025, respectively, and 0.8 million and 0.9 million for the six months ended September 30, 2026 and 2025, respectively, were excluded from the calculation of diluted net income per share because their effect would have been antidilutive. A small number of performance-based restricted stock units were not included in the diluted net income per share calculation because all necessary conditions had not been satisfied by the end of the respective period, and those shares were not issuable if the end of the reporting period were the end of the performance contingency period.