LOSS PER SHARE (Tables)

6 Months Ended

Sep. 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 and the six-month periods ended September 30, 2016 and 2015 are as follows:

	Quarter Ended						Six Months Ended
	September 30,						September 30,
(In thousands, except share and per share data)	2016			2015			2016			2015
Net loss available to common shareholders	$	(178,490	)		(43,835	)		(267,587	)		(58,887	)
Weighted average outstanding shares of common stock, basic		47,067,864			46,942,950			47,067,790			46,962,242
Dilutive effect of options and restricted stock awards and units		—			—			—			—
Weighted average common stock and equivalents		47,067,864			46,942,950			47,067,790			46,962,242
Loss per share, basic (A)	$	(3.79	)		(0.93	)		(5.69	)		(1.25	)
Loss per share, diluted (B)	$	(3.79	)		(0.93	)		(5.69	)		(1.25	)
Additional information:
Antidilutive incremental options and restricted stock awards and units		525,161			317,518			508,989			306,727

(A) The company calculates “Loss per share, basic” by dividing “Net loss available to common shareholders” by “Weighted average outstanding shares 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”. As a result of the net losses incurred, the company has excluded the antidilutive effect of incremental share equivalents related to options, restricted stock awards and restricted stock units from the “Loss per share, diluted” calculation for the quarters and six month periods ended September 30, 2016 and 2015.