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QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
12 Months Ended
Mar. 31, 2019
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, 2019:
 
 
Quarter
Fiscal Year Ended March 31, 2019
 
First
 
Second
 
Third
 
Fourth
Net revenue
 
$
387,982

 
$
492,667

 
$
1,248,738

 
$
539,007

Gross profit
 
256,617

 
257,787

 
350,254

 
280,092

Income from operations
 
70,846

 
25,986

 
51,779

 
58,061

Net income
 
$
71,693

 
$
25,367

 
$
179,948

 
$
56,829

Earnings per share:
 
 

 
 

 
 

 
 

Basic earnings per share
 
$
0.63

 
$
0.22

 
$
1.59

 
$
0.50

Diluted earnings per share
 
$
0.62

 
$
0.22

 
$
1.57

 
$
0.50

 
 
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 (loss) income
 
$
60,276

 
$
(2,736
)
 
$
25,140

 
$
90,853

Earnings (loss) 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


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.