Earnings (Loss) per Share (Tables)

12 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Summary of Reconciliation between Weighted-average Common Shares Outstanding used in Calculation of Basis and Diluted Earnings Per Share

The following is a reconciliation between the weighted average outstanding shares used in the calculation of basic and diluted earnings per share:

	Year ended March 31,
	(in thousands)
	2024			2023			2022
Numerator:
Numerator for basic earnings per share:
(Loss) income from continuing operations	$	(34,467	)	$	72,417		$	(50,377	)
Effect of Dilutive Securities:
Warrants		—			(3,626	)		—
Numerators for diluted (loss) earnings per share:
(Loss) income from continuing operations available to common stockholders after assumed conversions	$	(34,467	)	$	68,791		$	(50,377	)
Income from discontinued operations, net of tax expense		546,851			17,176			7,619
Net income (loss) available to common stockholders after assumed conversions	$	512,384		$	85,967		$	(42,758	)
Denominator:
Denominator for basic earnings per share
Weighted average common shares outstanding - basic		74,149			65,021			64,538
Effect of Dilutive Securities:
Warrants		—			6,371			—
Restricted stock units		—			329			—
Dilutive potential common shares		—			6,700			—
Denominator for basic (loss) earnings per share
Weighted average common shares outstanding - diluted		74,149			71,721			64,538
(Loss) earnings per share:
Basic (loss) earnings per share - continuing operations	$	(0.46	)	$	1.12		$	(0.78	)
Basic earnings per share - discontinued operations		7.38			0.26			0.12
Basic earnings (loss) per share	$	6.92		$	1.38		$	(0.66	)
Diluted (loss) earnings per share - continuing operations	$	(0.46	)	$	0.96		$	(0.78	)
Diluted earnings per share - discontinued operations		7.38			0.24			0.12
Diluted earnings (loss) per share	$	6.92		$	1.20		$	(0.66	)