(LOSS) EARNINGS PER SHARE ("EPS")

12 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

(LOSS) EARNINGS PER SHARE ("EPS")

(LOSS) EARNINGS PER SHARE ("EPS")    The following table sets forth the computation of basic and diluted (loss) earnings per share:

	Fiscal Year Ended March 31,
	2023		2022		2021
Computation of Basic (loss) earnings per share:
Net (loss) income	$	(1,124.7)	$	418.0	$	588.9
Weighted average common shares outstanding—basic	159.9		115.5		114.6
Basic (loss) earnings per share	(7.03)		3.62		5.14
Computation of Diluted (loss) earnings per share:
Net (loss) income	$	(1,124.7)	$	418.0	$	588.9
Weighted average common shares outstanding—basic	159.9		115.5		114.6
Add: dilutive effect of common stock equivalents	—		1.3		1.1
Weighted average common shares outstanding—diluted	159.9		116.8		115.7
Diluted (loss) earnings per share	$	(7.03)	$	3.58	$	5.09

We incurred a net loss for the fiscal year ended March 31, 2023; therefore, the diluted weighted average shares outstanding exclude the effect of unvested common stock equivalents because their effect would be antidilutive. We had 1.6 potentially dilutive shares from share-based awards and 0.6 of shares from Convertible Notes that are excluded due to the net loss for the period.