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NET INCOME (LOSS) PER SHARE
 9 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
NET INCOME (LOSS) PER SHARE
Calculations of the basic and diluted net income (loss) per share and potential common shares are as follows (in thousands, except for per share data):

Three Months Ended

Nine Months Ended
 
December 31,

December 31,
 
2016

2015

2016

2015
Numerator:







Net income (loss)
$
21,245

 
$
(24,507
)
 
$
10,981

 
$
(24,753
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic net income (loss) per share - weighted average common shares outstanding
91,762

 
98,797

 
92,337

 
77,126

Dilutive common equivalent shares:
 
 
 
 
 
 
 
      Weighted average restricted stock units
640

 
—

 
660

 
—

Denominator for diluted net income (loss) per share - weighted average shares outstanding
92,402

 
98,797

 
92,997

 
77,126

Net income (loss) per share:
 
 
 
 
 
 
 
Basic net income (loss) per share
$
0.23

 
$
(0.25
)
 
$
0.12

 
$
(0.32
)
Diluted net income (loss) per share
$
0.23

 
$
(0.25
)
 
$
0.12

 
$
(0.32
)

The following table sets forth restricted stock units excluded from the calculation of diluted net income (loss) per share, since their inclusion would be anti-dilutive (in thousands):

Three Months Ended

Nine Months Ended
 
December 31,

December 31,
 
2016

2015

2016

2015
Restricted stock units
1,207

 
358

 
1,718

 
503


Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares outstanding during the period. Unvested restricted shares, although legally issued and outstanding, are not considered outstanding for purposes of calculating basic earnings per share. Diluted net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares outstanding plus the dilutive effect, if any, of outstanding stock options, restricted shares and restricted stock units using the treasury stock method. The calculation of the dilutive effect of outstanding equity awards under the treasury stock method includes consideration of proceeds from the assumed exercise of stock options, unrecognized compensation expense and any tax benefits as additional proceeds.