Earnings

oss)

per Share:

Basic earnings (loss) per share are computed by dividing net earnings (loss) by the weighted average number of shares of common stock outstanding for the period. Diluted earnings (loss) per share are computed by dividing net earnings (loss) by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the dilutive effect of potential common stock equivalents during the period. Stock options and unvested service-based restricted stock unit (“RSU”) awards make up the common stock equivalents and are computed using the treasury stock method.

The table below represents the basic and diluted earnings (loss) per share and sets forth the weighted average number of shares of common stock outstanding and potential common stock equivalents for the

three

and

nine

month periods ending

December 31, 2017

and

2018.

	Three Months Ended					Nine Months Ended
	December 31,					December 31,
	2017			2018		2017			2018
Net income (loss)	$	(93,212	)	$	74,297	$	(26,910	)	$	202,329
Computation of Basic EPS:
Weighted Average Shares Outstanding used in Computing Basic EPS		168,313			168,795		168,216			168,679
Basic earnings (loss) per share	$	(0.55	)	$	0.44	$	(0.16	)	$	1.20
Computation of Diluted EPS:
Weighted Average Shares Outstanding used in Computing Basic EPS		168,313			168,795		168,216			168,679
Effect of stock awards		-			519		-			568
Weighted Average Shares used in Computing Diluted EPS (1)		168,313			169,314		168,216			169,247
Diluted earnings (loss) per share	$	(0.55	)	$	0.44	$	(0.16	)	$	1.20

(

)

Common stock equivalents

not

included in the computation of diluted earnings per share because the impact would have been anti-dilutive were

shares for the

three

month periods ended

December 31, 2017

and

2018,

respectively, and

121

shares and

shares for the

nine

months ended

December 31, 2017

and

2018,

respectively.