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

9 Months Ended

Dec. 31, 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 nine months ended
	December 31,				December 31,
	2023		2022		2023		2022
Basic earnings (loss) per share:
Net earnings (loss) from continuing operations	$	13,379	$	(30,520)	$	16,269	$	(88,174)
Earnings from discontinued operations, net of tax	598		836		985		836
Net earnings (loss)	$	13,977	$	(29,684)	$	17,254	$	(87,338)
Basic weighted-average shares outstanding	65,961		64,784		66,247		66,761
Continuing operations	$	0.20	$	(0.47)	$	0.25	$	(1.32)
Discontinued operations	0.01		0.01		0.01		0.01
Basic earnings (loss) per share	$	0.21	$	(0.46)	$	0.26	$	(1.31)
Diluted earnings (loss) per share:
Basic weighted-average shares outstanding	65,961		64,784		66,247		66,761
Dilutive effect of common stock options and restricted stock units as computed under the treasury stock method (1)	1,982		—		1,486		—
Diluted weighted-average shares outstanding	67,943		64,784		67,733		66,761
Continuing operations	$	0.20	$	(0.47)	$	0.24	$	(1.32)
Discontinued operations	0.01		0.01		0.01		0.01
Diluted earnings (loss) per share	$	0.21	$	(0.46)	$	0.25	$	(1.31)

(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 nine months ended December 31, 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 nine months ended
	December 31,		December 31,
	2023	2022	2023	2022
Number of shares underlying restricted stock units	1,046	6,215	1,065	2,980