Earnings (loss) per Share (Tables)

12 Months Ended

Mar. 31, 2020

Earnings (loss) per Share

Schedule of components of basic earnings (loss) per share

	Year Ended March 31,
	2020		2019		2018
Numerators:
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)
Denominators:
Basic weighted average common shares outstanding		30,017,937		29,817,526		29,397,350
Basic earnings (loss) per share available to Virtusa common stockholders	$	1.45	$	0.40	$	(0.09)

Schedule of components of diluted earnings (loss) per share

	Year Ended March 31,
	2020		2019		2018
Numerators:
Net income (loss) available to Virtusa common stockholders	$	43,552	$	11,796	$	(2,709)
Add : Series A Convertible Preferred Stock dividends and accretion		—		—		—
Net income (loss) available to Virtusa common stockholders and assumed conversion	$	43,552	$	11,796	$	(2,709)
Denominators:
Basic weighted average common shares outstanding		30,017,937		29,817,526		29,397,350
Dilutive effect of Series A Convertible Preferred Stock if converted		—		—		—
Dilutive effect of employee stock options and unvested restricted stock awards and restricted stock units		636,590		842,128		—
Weighted average shares—diluted		30,654,527		30,659,654		29,397,350
Diluted earnings (loss) per share available to Virtusa common stockholders	$	1.42	$	0.38	$	(0.09)