Net Income Per Share and Stockholders' Equity (Tables)

9 Months Ended

Dec. 31, 2019

Net Income Per Share And Stockholders Equity [Abstract]

Summary of Net Income Per Share

The following table presents information necessary to calculate net income per share for the periods presented, as well as potentially dilutive securities excluded from the weighted average number of diluted common shares outstanding because their inclusion would have been anti-dilutive:

	Three Months Ended December 31,						Nine Months Ended December 31,
(In thousands, except per share data)	2019			2018			2019			2018
NET INCOME PER SHARE—BASIC:
Net income (loss) attributable to ADS	$	23,288		$	15,812		$	(195,479	)	$	76,762
Adjustments for:
Dividends to redeemable convertible preferred    stockholders		(1,334	)		(467	)		(9,530	)		(1,442	)
Dividends paid to unvested restricted stockholders		(3	)		(25	)		(335	)		(55	)
Net income (loss) available to common stockholders    and participating securities		21,951			15,320			(205,344	)		75,265
Undistributed income allocated to participating    securities		(2,822	)		(1,027	)		—			(6,048	)
Net income (loss) available to common    stockholders – Basic	$	19,129		$	14,293		$	(205,344	)	$	69,217
Weighted average number of common shares    outstanding – Basic		68,508			57,180			62,119			56,925
Net income (loss) per common share – Basic	$	0.28		$	0.25		$	(3.31	)	$	1.22
NET INCOME PER SHARE—DILUTED:
Net income (loss) available to common    stockholders – Diluted	$	19,129		$	14,293		$	(205,344	)	$	69,217
Weighted average number of common shares    outstanding – Basic		68,508			57,180			62,119			56,925
Assumed exercise of stock options		641			505			—			557
Restricted stock		149			—			—			—
Weighted average number of common shares    outstanding – Diluted		69,298			57,685			62,119			57,482
Net income (loss) per common share – Diluted	$	0.28		$	0.25		$	(3.31	)	$	1.20
Potentially dilutive securities excluded as    anti-dilutive		14,915			6,079			14,084			6,068