Earnings Per Share

6 Months Ended

Sep. 30, 2026

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended September 30,				Six Months Ended September 30,
(In thousands, except per share data)	2026		2025		2026		2025
Numerator
Net income	$	25,295	$	42,211	$	54,472	$	89,677

Denominator
Denominator for basic earnings per share — weighted average shares outstanding	47,495		49,025		47,479		49,249
Dilutive effect of unvested restricted stock units and options issued to employees and directors	98		239		120		298
Denominator for diluted earnings per share	47,593		49,264		47,599		49,547

Earnings per Common Share:
Basic earnings per share	$	0.53	$	0.86	$	1.15	$	1.82

Diluted earnings per share	$	0.53	$	0.86	$	1.14	$	1.81

For the three months ended September 30, 2026 and 2025, there were 0.6 million and 0.3 million shares, respectively, attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the six months ended September 30, 2026 and 2025, there were 0.7 million and 0.2 million shares, respectively, attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.