Earnings/(Loss) Per Share (EPS) (Tables)

9 Months Ended

Dec. 31, 2016

Earnings/(Loss) Per Share ("EPS")

Schedule of calculations of basic and diluted EPS

	Three months ended				Nine months ended
(In U.S. dollars except share data)	December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015
Numerator:
Net income/(loss)	$	5,039,624	$	54,661,323	$	(3,397,085)	$	109,527,470
Denominator:
Basic weighted average number of common shares outstanding		53,845,777		56,554,253		54,153,218		56,904,489
Effect of dilutive restricted stock		33,568		40,239		—		47,939
Diluted weighted average number of common shares outstanding		53,879,345		56,594,492		54,153,218		56,952,428
EPS:
Basic	$	0.09	$	0.97	$	(0.06)	$	1.92
Diluted	$	0.09	$	0.97	$	(0.06)	$	1.92