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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Consolidated Statements of Income    
Revenue $ 301,064 $ 319,024
Costs of revenue 232,460 234,735
Gross profit 68,604 84,289
Operating expenses:    
Selling, general and administrative expenses 61,449 70,861
Income from operations 7,155 13,428
Other income (expense):    
Interest income 276 673
Interest expense (5,299) (4,908)
Foreign currency transaction gains (losses), net (1,241) 1,202
Other, net 307 364
Total other expense (5,957) (2,669)
Income before income tax expense 1,198 10,759
Income tax expense 304 4,739
Net income 894 6,020
Less: net income attributable to noncontrolling interests, net of tax   186
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
Basic earnings (loss) per share available to Virtusa common stockholders (in dollars per share) $ (0.01) $ 0.16
Diluted earnings (loss) per share available to Virtusa common stockholders (in dollars per share) $ (0.01) $ 0.15