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EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
 3 Months Ended
Jun. 30, 2017
Dividends, Share Repurchases, Earning Per Share and Accumulated Other Comprehensive Income [Abstract]  
Schedule of antidilutive securities excluded from computation of earnings per share
Diluted earnings per common share excludes options to purchase shares and restricted stock awards, which were outstanding during the period but were anti-dilutive, as follows:
 
 
Three Months Ended 
 June 30,
 
 
2017
 
2016
Options:
 
 
 
 
Outstanding
 
3,040,278

 
1,127,883

Weighted average exercise price
 
$
39.69

 
$
44.35

Restricted stock awards:
 
 
 
 
Outstanding
 
481,451

 
462,358

Weighted average price
 
$
23.40

 
$
31.43
Schedule of earnings per share, basic and diluted
The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended 
 June 30,
 
 
2017
 
2016
Earnings (in thousands):
 
 
 
 
Loss available to common stockholders
 
$
(55,275
)
 
$
(40,772
)
Shares:
 
 
 
 
Weighted average number of common shares outstanding – basic
 
35,227,434

 
34,990,136

Net effect of dilutive stock options and restricted stock awards based on the treasury stock method
 
—

 
—

Weighted average number of common shares outstanding – diluted
 
35,227,434

 
34,990,136

 
 
 
 
 
Basic loss per common share
 
$
(1.57
)
 
$
(1.17
)
Diluted loss per common share
 
$
(1.57
)
 
$
(1.17
)
Schedule of accumulated other comprehensive income (loss)
The following table sets forth the changes in the balances of each component of accumulated other comprehensive income:
 
 
Currency Translation Adjustments
 
Pension Liability Adjustments (1)
 
Total
Balance as of March 31, 2017
 
$
(149,721
)
 
$
(178,556
)
 
$
(328,277
)
Other comprehensive income before reclassification
 
10,070

 
—

 
10,070

Reclassified from accumulated other comprehensive income
 
—

 
—

 
—

Net current period other comprehensive income
 
10,070

 
—

 
10,070

Foreign exchange rate impact
 
8,954

 
(8,954
)
 
—

Balance as of June 30, 2017
 
$
(130,697
)
 
$
(187,510
)
 
$
(318,207
)

_____________ 
(1) 
Reclassification of amounts related to pension liability adjustments are included as a component of net periodic pension cost.