Quarterly report pursuant to Section 13 or 15(d)

Net Income/(Loss) per Common Share

v3.22.2.2
Net Income/(Loss) per Common Share
 6 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Income/(Loss) per Common Share Net Income/(Loss) per Common Share
The reconciliations of the denominators used to calculate basic and diluted net income/(loss) per common share for the three and six months ended September 30, 2022 and 2021, respectively, are as follows:
 Three Months Ended September 30, 2022  Three Months Ended September 30, 2021 Six Months Ended September 30, 2022 Six Months Ended September 30, 2021
Basic net income/(loss) per common share    
Net income/(loss) $ 10,984  $ 477  $ 17,540  $ 137 
Weighted-average common shares outstanding 33,476,695  33,328,568  33,438,657  33,268,825 
Basic net income/(loss) per common share $ 0.33  $ 0.01  $ 0.52  $ 0.00 
Three Months Ended September 30, 2022 Three Months Ended September 30, 2021 Six Months Ended September 30, 2022 Six Months Ended September 30, 2021
Diluted net income/(loss) per common share    
Net income/(loss) $ 10,984  $ 477  $ 17,540  $ 137 
Weighted-average common shares outstanding 33,476,695  33,328,568  33,438,657  33,268,825 
Common share equivalents:
Stock options 1,536  —  —  1,667 
Restricted and performance stock units 295,244  264,256  172,634  186,085 
Weighted average shares outstanding – dilutive (1)
33,773,475  33,592,824  33,611,291  33,456,577 
Diluted net income/(loss) per common share $ 0.33  $ 0.01  $ 0.52  $ 0.00 
(1) For the three months ended September 30, 2022 and 2021, 36,310 and 132,605 equity awards, respectively and for the six months ended September 30, 2022 and 2021, 113,559 and 144,664 equity awards, respectively, were not included in the calculation of diluted net income/(loss) per common share, as they would have had an anti-dilutive effect.
The number of common share equivalents, which includes options and both restricted and performance stock units, is computed using the treasury stock method. With regard to the performance stock units, we assume that the associated performance targets will be met at the target level of performance for purposes of calculating diluted net income/(loss) per common share until such time that it is probable that the performance target will not be met.