EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY (Tables)

6 Months Ended

Sep. 30, 2023

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY

Schedule of Reconciliation of Numerator And Denominator of Basic and Diluted Earnings (Loss) Per Share

A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts):

 

	For the three months ended				For the six months ended
	September 30,				September 30,
	2023		2022		2023		2022
Basic earnings (loss) per share:
Net earnings (loss) from continuing operations	$	4,476	$	(30,436)	$	2,890	$	(57,654)
Earnings from discontinued operations, net of tax	387		—		387		—
Net earnings (loss)	$	4,863	$	(30,436)	$	3,277	$	(57,654)
Basic weighted-average shares outstanding	66,284		67,096		66,391		67,750
Continuing operations	$	0.07	$	(0.45)	$	0.04	$	(0.85)
Discontinued operations	0.01		—		0.01		—
Basic earnings (loss) per share	$	0.07	$	(0.45)	$	0.05	$	(0.85)
Diluted earnings (loss) per share:
Basic weighted-average shares outstanding	66,284		67,096		66,391		67,750
Dilutive effect of common stock options and restricted stock units as computed under the treasury stock method (1)	1,584		—		1,238		—
Diluted weighted-average shares outstanding	67,868		67,096		67,628		67,750
Continuing operations	$	0.07	$	(0.45)	$	0.04	$	(0.85)
Discontinued operations	0.01		—		0.01		—
Diluted earnings (loss) per share	$	0.07	$	(0.45)	$	0.05	$	(0.85)

(1) The number of common stock options and restricted stock units as computed under the treasury stock method that would have otherwise been dilutive but are excluded from the table above because their effect would have been anti-dilutive due to the net loss position of the Company was 0.5 million and 0.6 million in the three and six months ended September 30, 2022.

Schedule of Anti-dilutive Options, Warrants and Restricted Stock Units Excluded from Computation of Loss Per Share

Restricted stock units that were outstanding during the periods presented but were not included in the computation of diluted loss per share because their effect would have been anti-dilutive (other than due to the net loss position of the Company) are shown below (shares in thousands):

 

	For the three months ended		For the six months ended
	September 30,		September 30,
	2023	2022	2023	2022
Number of shares underlying restricted stock units	1,167	5,919	1,208	3,289