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

6 Months Ended

Sep. 30, 2016

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,
	2016			2015			2016			2015
Computation of Basic earnings (loss) per share:
Net income (loss)	$	36,432		$	54,735		$	(2,135	)	$	(12,288	)
Less: net income allocated to participating securities		(745	)		(2,320	)		—			—
Net income (loss) for basic earnings (loss) per share calculation	$	35,687		$	52,415		$	(2,135	)	$	(12,288	)
Weighted average common shares outstanding—basic		87,176			87,560			84,990			83,280
Less: weighted average participating shares outstanding		(1,783	)		(3,711	)		—			—
Total weighted average common shares outstanding—basic		85,393			83,849			84,990			83,280
Basic earnings (loss) per share	$	0.42		$	0.63		$	(0.03	)	$	(0.15	)
Computation of Diluted earnings (loss) per share:
Net income (loss)	$	36,432		$	54,735		$	(2,135	)	$	(12,288	)
Less: net income allocated to participating securities		(564	)		(1,782	)		—			—
Add: interest expense, net of tax, on Convertible Notes		8,669			7,994			—			—
Net income (loss) for diluted EPS calculation	$	44,537		$	60,947		$	(2,135	)	$	(12,288	)
Weighted average common shares outstanding—basic		85,393			83,849			84,990			83,280
Add: dilutive effect of common stock equivalents		29,809			30,166			—			—
Weighted average common shares outstanding—diluted		115,202			114,015			84,990			83,280
Less: weighted average participating shares outstanding		(1,783	)		(3,711	)		—			—
Total weighted average common shares outstanding—diluted		113,419			110,304			84,990			83,280
Diluted earnings (loss) per share	$	0.39		$	0.55		$	(0.03	)	$	(0.15	)