EARNINGS PER SHARE
12 Months Ended
Mar. 31, 2021
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
11.
EARNINGS PER SHARE

Basic earnings per share is computed by dividing net earnings attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted net earnings per share include the potential dilution of securities that could participate in our earnings, but not securities that are anti-dilutive.

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, 2021, 2020 and 2019 (in thousands, except per share data).

 
2021
   
2020
   
2019
 
                   
Net earnings attributable to common shareholders - basic and diluted
 
$
74,397
   
$
69,082
   
$
63,192
 
                         
Basic and diluted common shares outstanding:
                       
Weighted average common shares outstanding — basic
   
13,337
     
13,327
     
13,448
 
Effect of dilutive shares
   
80
     
88
     
130
 
Weighted average shares common outstanding — diluted
   
13,417
     
13,415
     
13,578
 
                         
Earnings per common share - basic
 
$
5.58
   
$
5.18
   
$
4.70
 
                         
Earnings per common share - diluted
 
$
5.54
   
$
5.15
   
$
4.65