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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Consolidated Statements of Income      
Revenue $ 1,312,283 $ 1,247,863 $ 1,020,669
Costs of revenue 959,143 884,652 725,445
Gross profit 353,140 363,211 295,224
Operating expenses:      
Selling, general and administrative expenses 272,928 292,943 248,837
Income from operations 80,212 70,268 46,387
Other income (expense):      
Interest income 2,239 2,672 4,264
Interest expense (19,193) (18,164) (7,634)
Foreign currency transaction losses, net (15,999) (13,130) (3,543)
Other, net 1,402 (3,482) 2,362
Total other expense (31,551) (32,104) (4,551)
Income before income tax expense 48,661 38,164 41,836
Income tax expense 309 20,473 32,888
Net income 48,352 17,691 8,948
Less: net income attributable to noncontrolling interests, net of tax 450 1,545 7,694
Net income available to Virtusa stockholders 47,902 16,146 1,254
Less: Series A Convertible Preferred Stock dividends and accretion 4,350 4,350 3,963
Net income (loss) available to Virtusa common stockholders $ 43,552 $ 11,796 $ (2,709)
Basic earnings (loss) per share available to Virtusa common stockholders (in dollars per share) $ 1.45 $ 0.40 $ (0.09)
Diluted earnings (loss) per share available to Virtusa common stockholders (in dollars per share) $ 1.42 $ 0.38 $ (0.09)