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NET (LOSS) INCOME PER COMMON SHARE (Tables)
9 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Summary of the Effect of Net Income Per Common Share Net income per common share is calculated based upon the following shares:

 

 

 

For the Three Months Ended
December 31,

 

 

For the Nine Months Ended
December 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income (in thousands)

 

$

(24,059

)

 

$

1,102

 

 

$

(29,225

)

 

$

7,271

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

32,047,755

 

 

 

31,084,710

 

 

 

31,510,547

 

 

 

30,992,475

 

Weighted-average common shares and common share
   equivalents outstanding

 

 

32,047,755

 

 

 

31,234,925

 

 

 

31,510,547

 

 

 

31,273,703

 

Net (loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.75

)

 

$

0.04

 

 

$

(0.93

)

 

$

0.23

 

Diluted

 

$

(0.75

)

 

$

0.04

 

 

$

(0.93

)

 

$

0.23

 

Number of Potentially Dilutive Securities Excluded from the Calculation of Diluted Net Income per Common Share

The following table indicates the number of potentially dilutive securities excluded from the calculation of Diluted net income per common share because their inclusion would have been anti-dilutive. The number of shares is as of the end of each period:

 

 

 

For the Three Months Ended
December 31,

 

 

For the Nine Months Ended
December 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Common stock options

 

 

 

 

 

 

 

 

 

 

 

 

Restricted shares

 

 

 

 

 

203,636

 

 

 

 

 

 

17,803

 

Total

 

 

 

 

 

203,636

 

 

 

 

 

 

17,803