LOSS PER SHARE AND STOCKHOLDERS’ EQUITY (Tables)

9 Months Ended

Dec. 31, 2022

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY

Schedule of Reconciliation of Numerator And Denominator of Basic and Diluted Loss Per Share

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

 

	For the three months ended				For the nine months ended
	December 31,				December 31,
	2022		2021		2022		2021
Basic earnings (loss) per share:
Net loss from continuing operations	$	(30,520)	$	(15,375)	$	(88,174)	$	(4,441)
Earnings from discontinued operations, net of tax	836		—		836		—
Net loss	$	(29,684)	$	(15,375)	$	(87,338)	$	(4,441)
Basic weighted-average shares outstanding	64,784		68,190		66,761		68,187
Continuing operations	$	(0.47)	$	(0.23)	$	(1.32)	$	(0.07)
Discontinued operations	0.01		—		0.01		—
Basic loss per share	$	(0.46)	$	(0.23)	$	(1.31)	$	(0.07)
Diluted earnings (loss) per share:
Basic weighted-average shares outstanding	64,784		68,190		66,761		68,187
Dilutive effect of common stock options and restricted stock as computed under the treasury stock method (1)	—		—		—		—
Diluted weighted-average shares outstanding	64,784		68,190		66,761		68,187
Continuing operations	$	(0.47)	$	(0.23)	$	(1.32)	$	(0.07)
Discontinued operations	0.01		—		0.01		—
Diluted loss per share	$	(0.46)	$	(0.23)	$	(1.31)	$	(0.07)
Loss per share totals may not sum due to rounding.

(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 0.5 million and 1.7 million in the three months ended December 31, 2022 and 2021, respectively, and 0.6 million and 1.4 million in the nine months ended December 31, 2022 and 2021, respectively.

Schedule of Anti-dilutive Options, Warrants and Restricted Stock Units Excluded from Computation of Loss Per Share

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		For the nine months ended
	December 31,		December 31,
	2022	2021	2022	2021
Number of shares underlying restricted stock units	6,215	484	2,980	787