Net Income / (Loss) per Common Share

12 Months Ended

Mar. 31, 2021

Net Income / (Loss) per Common ShareBasic and diluted net income / (loss) per share is calculated by dividing net income / (loss) by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee stock-based awards in periods where the Company has net losses. Because the Company had a net loss for the year ended March 31, 2019, all potentially dilutive shares of common stock were determined to be anti-dilutive and, accordingly, were not included in the calculation of diluted net loss per share for those fiscal years.

The following table sets forth the computation of net income / (loss) per share of common stock (in thousands, except per share amounts):


	Year ended March 31,
	2021		2020		2019
Income / (loss) from continuing operations, net of taxes	$	54,884	$	14,280	$	(4,302)
Weighted-average common shares outstanding, basic	88,514		84,594		77,440
Basic net income / (loss) per common share	$	0.62	$	0.17	$	(0.06)
Weighted-average common shares outstanding, diluted	96,151		89,558		77,440
Diluted net income / (loss) per common share	$	0.57	$	0.16	$	(0.06)
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive	—		—		3,312