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Net Income (Loss) Per Share
12 Months Ended
Mar. 31, 2020
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share

14. Net Income (Loss) Per Share

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









 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

Year Ended

 

Year Ended

 

 

March 31, 2020

 

March 31, 2019

 

March 31, 2018

Basic net income (loss) per share:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(947,597)

 

$

(52,012)

 

$

60,955 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

123,387,547 

 

 

75,513,130 

 

 

75,590,613 

Minimum shares issuable under purchase contracts

 

 

13,609,077 

 

 

 —

 

 

 —



 

 

136,996,624 

 

 

75,513,130 

 

 

75,590,613 

Basic net income (loss) per share

 

$

(6.92)

 

$

(0.69)

 

$

0.81 



 

 

 

 

 

 

 

 

 

Diluted net income per share:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(947,597)

 

$

(52,012)

 

$

60,955 

Denominator:

 

 

 

 

 

 

 

 

 

Number of shares used in basic computation

 

 

136,996,624 

 

 

75,513,130 

 

 

75,590,613 

Weighted average effect of dilutive securities

 

 

 

 

 

 

 

 

 

Time-Vesting Options

 

 

 —

 

 

 —

 

 

2,051,346 

Restricted Share Units

 

 

 —

 

 

 —

 

 

159,137 



 

 

136,996,624 

 

 

75,513,130 

 

 

77,801,096 

Diluted net income (loss) per share

 

$

(6.92)

 

$

(0.69)

 

$

0.78 

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





 

 

 

 

 

 

 

 

 



 

Year Ended

 

Year Ended

 

Year Ended



 

March 31, 2020

 

March 31, 2019

 

March 31, 2018

Dilutive shares issuable under purchase contracts

 

 

1,829,437 

 

 

 —

 

 

 —

Time-Vesting Options

 

 

1,259,594 

 

 

1,869,456 

 

 

4,570,624 

Restricted Share Units

 

 

1,345,211 

 

 

 —

 

 

 —

Deferred Stock Units

 

 

20,371 

 

 

 —

 

 

 —