Net Income (Loss) Per Share

9 Months Ended

Dec. 31, 2019

Net Income (Loss) Per Share [Abstract]

Net Income (Loss) Per Share

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				Nine Months Ended
		December 31,				December 31,
		2019		2018		2019		2018
Basic net income (loss) per share:
Numerator:
Net income (loss)	$	50,735	$	(12,388)	$	(80,716)	$	(48,480)
Denominator:
Weighted average common shares outstanding		124,962,970		75,465,310		108,371,642		75,525,645
Minimum shares issuable under purchase contracts		18,429,325		—		12,286,217		—
		143,392,295		75,465,310		120,657,859		75,525,645
Basic net income (loss) per share	$	0.35	$	(0.16)	$	(0.67)	$	(0.64)
Diluted net income per share:
Numerator:
Net income (loss)	$	50,735	$	(12,388)	$	(80,716)	$	(48,480)
Denominator:
Number of shares used in basic computation		143,392,295		75,465,310		120,657,859		75,525,645
Weighted average effect of dilutive securities
Add:
Dilutive shares issuable under purchase contracts		1,450,910		—		—		—
Time-Vesting Options		1,059,868		—		—		—
Deferred Stock Units		9,250		—		—		—
Restricted Share Units		289,537		—		—		—
		146,201,860		75,465,310		120,657,859		75,525,645
Diluted net income (loss) per share	$	0.35	$	(0.16)	$	(0.67)	$	(0.64)

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		Nine Months Ended
	December 31,		December 31,
	2019	2018	2019	2018
Incremental shares issuable under purchase contracts	—	—	1,712,220	—
Time-Vesting Options	—	1,858,331	1,290,327	1,846,029
Deferred Stock Units	—	—	6,167	—
Restricted Stock Units	—	—	605,830	—