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EARNINGS (LOSS) PER SHARE ("EPS") (Tables)
3 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted loss per share
The following table sets forth the computation of basic and diluted earnings (loss) per share (shares in thousands):
 
Three Months Ended June 30,
 
2017
 
2016
Computation of Basic earnings (loss) per share:
 

 
 

Net income (loss)
$
60,276

 
$
(38,567
)
Less: net income allocated to participating securities
$
(588
)
 

Net income (loss) for basic earnings (loss) per share calculation
$
59,688

 
$
(38,567
)
Total weighted average shares outstanding—basic
105,494

 
84,588

Less: weighted average participating shares outstanding
(1,029
)
 

Weighted average common shares outstanding—basic
104,465

 
84,588

Basic earnings (loss) per share
$
0.57

 
$
(0.46
)
Computation of Diluted earnings (loss) per share:
 
 
 
Net income (loss)
$
60,276

 
$
(38,567
)
Less: net income allocated to participating securities
$
(522
)
 

Add: interest expense, net of tax, on Convertible Notes
$
5,750

 

Net income (loss) for diluted earnings (loss) per share calculation          
$
65,504

 
$
(38,567
)
Weighted average common shares outstanding—basic
105,494

 
84,588

Add: dilutive effect of common stock equivalents
13,288

 

Weighted average common shares outstanding—diluted
118,782

 
84,588

Less: weighted average participating shares outstanding
(1,029
)
 

Weighted average common shares outstanding- diluted
117,753

 
84,588

Diluted earnings (loss) per share
$
0.56

 
$
(0.46
)