24. Earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
| Year ended March 31, | ||||||||||||
| 2018 | 2017 | 2016 | ||||||||||
|
Numerator: |
||||||||||||
|
Profit |
$ | 86,436 | $ | 37,763 | $ | 59,880 | ||||||
|
Denominator: |
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|
Basic weighted average ordinary shares outstanding |
50,388,440 | 50,582,852 | 51,372,117 | |||||||||
|
Dilutive impact of equivalent stock options and RSUs |
2,527,160 | 2,357,456 | 2,267,553 | |||||||||
|
Diluted weighted average ordinary shares outstanding |
52,915,600 | 52,940,308 | 53,639,670 | |||||||||
The computation of earnings per ordinary share (“EPS”) was determined by dividing profit by the weighted average ordinary shares outstanding during the respective periods.
The Company excluded from the calculation of diluted EPS options and RSUs to purchase 27,350, 5,200 and 46,033 shares for the year ended March 31, 2018, 2017 and 2016, respectively, because their effect will be anti-dilutive.