LOSS PER SHARE (Tables)

3 Months Ended

Jun. 30, 2017

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)	2017			2016
Net loss available to common shareholders	$	(524,434	)		(89,097	)
Weighted average outstanding shares of common stock, basic		47,121,304			47,067,715
Dilutive effect of options and restricted stock awards and units		—			—
Weighted average shares of common stock and equivalents		47,121,304			47,067,715
Loss per share, basic (A)	$	(11.13	)		(1.89	)
Loss per share, diluted (B)	$	(11.13	)		(1.89	)
Additional information:
Antidilutive incremental options and restricted stock awards and units		183			475,873

(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 shares of common stock and equivalents”.

The company’s common stock and antidilutive options and restricted stock awards and units were cancelled on
July 31, 2017 in connection with emergence from bankruptcy.