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NET INCOME (LOSS) PER SHARE
 9 Months Ended
Dec. 31, 2019
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,
 
2019

2018

2019

2018
Numerator:







Net income (loss)
$
36,725

 
$
(3,603
)
 
$
(10,090
)
 
$
(92,535
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic net income (loss) per share - weighted average common shares outstanding
74,367

 
77,774

 
75,780

 
78,916

Dilutive common equivalent shares:
 
 
 
 
 
 
 
      Weighted average restricted stock units
333

 
—

 
—

 
—

Denominator for diluted net income (loss) per share - weighted average shares outstanding
74,700

 
77,774

 
75,780

 
78,916

Net (income) loss per share:
 
 
 
 
 
 
 
Basic net income (loss) per share
$
0.49

 
$
(0.05
)
 
$
(0.13
)
 
$
(1.17
)
Diluted net income (loss) per share
$
0.49

 
$
(0.05
)
 
$
(0.13
)
 
$
(1.17
)

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,
 
2019

2018

2019

2018
Restricted stock units
2,997

 
435

 
694

 
733


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 and unrecognized compensation expense as additional proceeds. As we incurred a net loss during the three months ended December 31, 2018 and the nine months ended December 31, 2019 and 2018, all outstanding restricted stock units have an anti-dilutive effect and are therefore excluded from the computation of diluted weighted average shares outstanding.