| Calculation of Basic and Diluted Common Shares Outstanding |
The calculation of basic and diluted common shares outstanding is as follows:
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|
For the Three Months
Ended September 30, |
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|
For the Six Months
Ended September 30, |
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|
|
2016 |
|
|
2015 |
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|
2016 |
|
|
2015 |
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|
Weighted-Average Shares of Common Stock Outstanding |
|
|
47,809,476 |
|
|
|
49,828,189 |
|
|
|
47,911,276 |
|
|
|
49,797,972 |
|
|
Common Equivalent Shares: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Assumed Exercise of Outstanding Dilutive Options |
|
|
864,378 |
|
|
|
1,278,908 |
|
|
|
951,783 |
|
|
|
1,303,636 |
|
|
Less: Shares Repurchased from Assumed Proceeds of Assumed Exercised Options |
|
|
(600,322 |
) |
|
|
(866,236 |
) |
|
|
(657,730 |
) |
|
|
(871,354 |
) |
|
Restricted Shares |
|
|
155,953 |
|
|
|
229,290 |
|
|
|
169,787 |
|
|
|
230,693 |
|
|
Weighted-Average Common and Common Equivalent Shares Outstanding |
|
|
48,229,485 |
|
|
|
50,470,151 |
|
|
|
48,375,116 |
|
|
|
50,460,947 |
|
|
Shares Excluded Due to Anti-dilution Effects |
|
|
646,593 |
|
|
|
596,973 |
|
|
|
669,406 |
|
|
|
527,330 |
|
|