Earnings per Share
|3 Months Ended|
Jun. 30, 2022
|Earnings Per Share [Abstract]|
|Earnings per Share||Earnings per Share
Basic net income per common share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period.
Diluted net income per common share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period and including the dilutive effects of employee stock-based awards outstanding during the period.
Stock options totaling 1,529,761 and 309,882, for the 3 months ended June 30, 2022 and 2021, respectively, were outstanding but not included in the calculation of diluted earnings per share because inclusion of the options in the calculation would be antidilutive due to their exercise prices exceeding the average market price of the common shares during the periods.
The following table sets forth the computation of basic and diluted net income per share of common stock (in thousands, except per share amounts):
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef