The Company computes basic net income per share using the weighted-average number of shares of common stock outstanding. Diluted net income per share amounts are calculated using the treasury stock method for equity-based compensation awards. The following is a reconciliation of the numerator and denominator in the basic and diluted net income per common share computations (in thousands, except share and per share data):


	Three months ended September 30,				Six months ended September 30,
	2024		2023		2024		2023
Numerator:




Net income	$	19,020	$	33,271	$	66,575	$	86,248

Denominator:
Weighted-average common shares outstanding – basic	56,345,648		54,425,384		56,160,796		54,183,091
Dilutive common equivalent shares from equity awards	2,136,882		3,012,768		2,357,197		3,125,251
Weighted-average common shares outstanding – diluted	58,482,530		57,438,152		58,517,993		57,308,342

Net income per share:
Basic	$	0.34	$	0.61	$	1.19	$	1.59
Diluted	$	0.33	$	0.58	$	1.14	$	1.50





Weighted-average anti-dilutive shares from outstanding equity awards excluded from diluted earnings per share	318,072		3,947		210,732		72,677