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QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
12 Months Ended
Mar. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The following tables set forth quarterly supplementary data for each of the years in the two-year period ended March 31, 2018:
 
 
Quarter
Fiscal Year Ended March 31, 2018
 
First
 
Second
 
Third
 
Fourth
Net revenue
 
$
418,216

 
$
443,562

 
$
480,840

 
$
450,274

Gross profit
 
223,647

 
197,014

 
212,857

 
261,063

Income (loss) from operations
 
50,219

 
(11,319
)
 
8,852

 
87,825

Net income (loss)
 
$
60,276

 
$
(2,736
)
 
$
25,140

 
$
90,853

Earnings per share:
 
 

 
 

 
 

 
 

Basic earnings (loss) per share
 
$
0.57

 
$
(0.03
)
 
$
0.22

 
$
0.80

Diluted earnings (loss) per share
 
$
0.56

 
$
(0.03
)
 
$
0.21

 
$
0.77

 
 
Quarter
Fiscal Year Ended March 31, 2017
 
First
 
Second
 
Third
 
Fourth
Net revenue
 
$
311,552

 
$
420,167

 
$
476,474

 
$
571,555

Gross profit
 
120,171

 
214,562

 
165,399

 
256,657

(Loss) income from operations
 
(38,983
)
 
47,194

 
(28,409
)
 
111,503

Net (loss) income
 
$
(38,567
)
 
$
36,432

 
$
(29,842
)
 
$
99,280

(Loss) earnings per share:
 
 

 
 

 
 

 
 

Basic (loss) earnings per share
 
$
(0.46
)
 
$
0.42

 
$
(0.33
)
 
$
0.97

Diluted (loss) earnings per share
 
$
(0.46
)
 
$
0.39

 
$
(0.33
)
 
$
0.89


Basic and diluted earnings (loss) per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted earnings (loss) per share information may not equal annual basic and diluted earnings per share.