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EARNINGS PER SHARE ("EPS") (Tables)
9 Months Ended
Dec. 31, 2018
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 per share:
 
Three Months Ended December 31,
 
Nine Months Ended December 31,
 
2018
 
2017
 
2018
 
2017
Computation of Basic earnings per share:
 

 
 

 
 

 
 

Net income
$
179,948

 
$
25,140

 
$
277,007

 
$
82,680

Less: net income allocated to participating securities

 
(62
)
 

 
(211
)
Net income for basic earnings per share calculation
$
179,948

 
$
25,078

 
$
277,007

 
$
82,469

 
 
 
 
 
 
 
 
Total weighted average shares outstanding—basic
113,433

 
113,991

 
113,390

 
109,010

Less: weighted average participating shares outstanding

 
(279
)
 

 
(278
)
Weighted average common shares outstanding—basic
113,433

 
113,712

 
113,390

 
108,732

 
 
 
 
 
 
 
 
Basic earnings per share
$
1.59

 
$
0.22

 
$
2.44

 
$
0.76

 
 
 
 
 
 
 
 
Computation of Diluted earnings per share:
 
 
 
 
 
 
 
Net income
$
179,948

 
$
25,140

 
$
277,007

 
$
82,680

Less: net income allocated to participating securities

 
(59
)
 

 
(206
)
Net income for diluted earnings per share calculation          
$
179,948

 
$
25,081

 
$
277,007

 
$
82,474

 
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
113,433

 
113,712

 
113,390

 
108,732

Add: dilutive effect of common stock equivalents
1,304

 
4,206

 
1,528

 
2,708

Weighted average common shares outstanding—diluted
114,737

 
117,918

 
114,918

 
111,440

Less: weighted average participating shares outstanding

 
(279
)
 

 
(278
)
Weighted average common shares outstanding- diluted
114,737

 
117,639

 
114,918

 
$
111,162

 
 
 
 
 
 
 
 
Diluted earnings per share
$
1.57

 
$
0.21

 
$
2.41

 
$
0.74