LOSS PER SHARE (Tables)

9 Months Ended

Dec. 31, 2015

Components of Basic and Diluted Loss Per Share

The components of basic and diluted loss per share for the quarters and the nine-month periods ended December 31, are as follows:

	Quarter Ended						Nine Months Ended
	December 31,						December 31,
(In thousands, except share and per share data)	2015			2014			2015			2014
Net loss available to common shareholders	$	(19,509	)		(160,694	)		(78,396	)		(56,114	)
Weighted average outstanding shares of common stock, basic		46,943,705			48,481,722			46,956,041			49,213,712
Dilutive effect of options and restricted stock awards and units		—			—			—			—
Weighted average common stock and equivalents		46,943,705			48,481,722			46,956,041			49,213,712

Loss per share, basic (A)	$	(0.42	)		(3.31	)		(1.67	)		(1.14	)
Loss per share, diluted (B)	$	(0.42	)		(3.31	)		(1.67	)		(1.14	)
Additional information:
Antidilutive incremental options and restricted stock awards and units		455,663			158,575			385,073			231,171

(A)

The company calculates “Loss per share, basic” by dividing “Net loss available to common shareholders” by “Weighted average outstanding share of common stock, basic”.

(B)

The company calculates “Loss per share, diluted” by dividing “Net loss available to common shareholders” by “Weighted average common stock and equivalents”.