EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY:

3 Months Ended

Jun. 30, 2022

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY:

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY:

Earnings (Loss) Per Share

A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts):

 

	For the three months ended
	June 30,
	2022		2021
Basic earnings (loss) per share:
Net earnings (loss)	$	(27,218)	$	17,365
Basic weighted-average shares outstanding	68,403		68,328
Basic earnings (loss) per share	$	(0.40)	$	0.25
Diluted earnings (loss) per share:
Basic weighted-average shares outstanding	68,403		68,328
Dilutive effect of common stock options and restricted stock as computed under the treasury stock method (1)	—		1,277
Diluted weighted-average shares outstanding	68,403		69,605
Diluted earnings (loss) per share	$	(0.40)	$	0.25

(1) The number of common stock options and restricted stock units as computed under the treasury stock method that would have otherwise been dilutive but are excluded from the table above because their effect would have been anti-dilutive due to the net loss position of the Company was 0.8 million in the three months ended June 30, 2022.

Restricted stock units that were outstanding during the periods presented but were not included in the computation of diluted earnings (loss) per share because their effect would have been anti-dilutive (other than due to the net loss position of the Company) are shown below (shares in thousands):

 

	For the three months ended
	June 30,
	2022	2021
Number of shares underlying restricted stock units	3,591	803

Stockholders’ Equity

Under the modified common stock repurchase program, the Company may purchase up to $1.0 billion of its common stock through the period ending December 31, 2022. During the three months ended June 30, 2022, the Company repurchased 2.1 million shares of its common stock for $60.1 million under the stock repurchase program.  Through June 30, 2022, the Company had repurchased a total of 31.6 million shares of its stock for $792.2 million under the stock repurchase program, leaving remaining capacity of $207.8 million.

Accumulated other comprehensive income balances of $3.8 million and $5.7 million at June 30, 2022 and March 31, 2022, respectively, reflect accumulated foreign currency translation adjustments.