NET LOSS PER SHARE

12 Months Ended

Mar. 31, 2023

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net loss per share (dollars in thousands, except per share data):


	For the years ended March 31,
	2023		2022		2021
Net loss	$	(73,143)	$	(175,383)	$	(165,585)
Weighted average common shares outstanding - basic and diluted (in thousands)	115,959		113,354		105,700

Net loss per share - basic and diluted	$	(0.63)	$	(1.55)	$	(1.57)

The following potentially dilutive common shares were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive since the Company is in a net loss position (shares in thousands):


	For the years ended March 31,
	2023	2022	2021
Stock options	685	867	1,813
Restricted stock units and Performance stock units	13,617	10,401	10,221
Potential shares attributable to the ESPP	1,261	761	555
Warrants to purchase common stock	3,100	—	—
Total anti-dilutive shares	18,663	12,029	12,589