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LOSS PER SHARE (Tables)
 3 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Components of Basic and Diluted Loss Per Share

The components of basic and diluted loss per share for the quarters ended June 30, are as follows:

 

 

 

Quarter Ended

 

 

 

June 30,

 

(In thousands, except share and per share data)

 

2016

 

 

2015

 

Net loss available to common shareholders

 

$

(89,097

)

 

 

(15,052

)

Weighted average outstanding shares of common stock, basic

 

 

47,067,715

 

 

 

46,981,747

 

Dilutive effect of options and restricted stock awards and units

 

 

—

 

 

 

—

 

Weighted average common stock and equivalents

 

 

47,067,715

 

 

 

46,981,747

 

 

 

 

 

 

 

 

 

 

Loss per share, basic (A)

 

$

(1.89

)

 

 

(0.32

)

Loss per share, diluted (B)

 

$

(1.89

)

 

 

(0.32

)

Additional information:

 

 

 

 

 

 

 

 

Antidilutive incremental options and restricted stock awards and units

 

 

475,873

 

 

 

268,227

 

 

 

(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”.