Earnings (loss) per Share (Tables)

3 Months Ended

Jun. 30, 2020

Earnings (loss) per Share

Schedule of components of basic earnings (loss) per share

	Three Months Ended
	June 30,
	2020		2019
Numerators:
Net income available to Virtusa stockholders	$	894	$	5,834
Less: Series A Convertible Preferred Stock dividends and accretion		(1,087)		(1,087)
Net income (loss) available to Virtusa common stockholders	$	(193)	$	4,747
Denominators:
Basic weighted average common shares outstanding		30,168,174		30,167,910
Basic earnings (loss) per share available to Virtusa common stockholders	$	(0.01)	$	0.16

Schedule of components of diluted earnings (loss) per share

	Three Months Ended
	June 30,
	2020		2019
Numerators:
Net income (loss) available to Virtusa common stockholders	$	(193)	$	4,747
Add : Series A Convertible Preferred Stock dividends and accretion		—		—
Net income (loss) available to Virtusa common stockholders and assumed conversion	$	(193)	$	4,747
Denominators:
Basic weighted average common shares outstanding		30,168,174		30,167,910
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		—		766,501
Weighted average shares—diluted		30,168,174		30,934,411
Diluted earnings (loss) per share available to Virtusa common stockholders	$	(0.01)	$	0.15