Net Income (Loss) Per Share

6 Months Ended

Sep. 30, 2019

5. Net Income (Loss) Per Share

The following table sets forth the computation of basic net income (loss) per share of common stock for the periods indicated:



		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2019		2018		2019		2018
Basic net income (loss) per share:
Numerator:
Net income (loss)	$	(93,935)	$	(18,591)	$	(131,451)	$	(36,092)
Denominator:
Weighted average common shares outstanding		123,794,511		75,506,552		99,897,191		75,555,700
Minimum shares issuable under purchase contracts		18,429,325		—		9,214,662		—
		142,223,836		75,506,552		109,111,853		75,555,700
Basic net income (loss) per share	$	(0.66)	$	(0.25)	$	(1.20)	$	(0.48)

The calculation of diluted net income (loss) per share has not been presented due to the presence of a net loss for each period.

Due to their antidilutive effect, the following securities have been excluded from diluted net income (loss) per share for the periods indicated:



	Three Months Ended		Six Months Ended
	September 30,		September 30,
	2019	2018	2019	2018
Incremental shares issuable under purchase contracts	3,685,750	—	1,842,875	—
Time-Vesting Options	1,156,510	1,832,196	1,405,556	1,839,878
Restricted Stock Units	908,745	—	454,373	—