EARNINGS (LOSS) PER SHARE ("EPS") (Tables)

6 Months Ended

Sep. 30, 2015

EARNINGS (LOSS) PER SHARE ("EPS")

Schedule of computation of basic and diluted EPS

        The following table sets forth the computation of basic and diluted earnings (loss) per share (shares in thousands):

	Three Months Ended September 30,						Six Months Ended September 30,
	2015			2014			2015			2014
Computation of Basic earnings (loss) per share:
Net income (loss)	$	54,735		$	(41,369	)	$	(12,288	)	$	(76,772	)
Less: net income allocated to participating securities		(2,320	)		—			—			—
Net income (loss) for basic earnings (loss) per share calculation	$	52,415		$	(41,369	)	$	(12,288	)	$	(76,772	)
Total weighted average shares outstanding—basic		87,560			80,355			83,280			79,862
Less: weighted average participating shares outstanding		(3,711	)		—			—			—
Weighted average common shares outstanding—basic		83,849			80,355			83,280			79,862
Basic earnings (loss) per share	$	0.63		$	(0.51	)	$	(0.15	)	$	(0.96	)
Computation of Diluted earnings (loss) per share:
Net income (loss)	$	54,735		$	(41,369	)	$	(12,288	)	$	(76,772	)
Less: net income allocated to participating securities		(1,782	)		—			—			—
Add: interest expense, net of tax, on Convertible Notes		7,994			—			—			—
Net income (loss) for diluted earnings (loss) per share calculation	$	60,947		$	(41,369	)	$	(12,288	)	$	(76,772	)
Weighted average shares outstanding—basic		83,849			80,355			83,280			79,862
Add: dilutive effect of common stock equivalents		30,166			—			—			—
Total weighted average shares outstanding—diluted		114,015			80,355			83,280			79,862
Less: weighted average participating shares outstanding		(3,711	)		—			—			—
Weighted average common shares outstanding—diluted		110,304			80,355			83,280			79,862
Diluted earnings (loss) per share	$	0.55		$	(0.51	)	$	(0.15	)	$	(0.96	)