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STOCKHOLDERS' INVESTMENT, EARNINGS PER SHARE AND ACCUMULATED COMPREHENSIVE INCOME (Tables)
 12 Months Ended
Mar. 31, 2018
Stockholders' Equity Note [Abstract]  
Rollforward schedule of Common Stock
The following is a summary of changes in outstanding shares of common stock for the years ended March 31, 2018 and 2017: 
 
 
Shares
 
Weighted Average
Price Per Share
Outstanding as of March 31, 2016
 
34,976,743

 
 
Issuance of restricted stock
 
237,248

 
$
17.41

Outstanding as of March 31, 2017
 
35,213,991

 
 
Issuance of restricted stock
 
312,634

 
$
11.27

Outstanding as of March 31, 2018
 
35,526,625

 
 
Schedule of antidilutive securities
Diluted earnings per common share excludes options to purchase shares and restricted stock awards, which were outstanding during the period but were anti-dilutive, as follows:
 
 
Fiscal Year Ended March 31,
 
 
2018
 
2017
 
2016
Options:
 
 
 
 
 
 
Outstanding
 
2,890,140

 
1,815,020

 
1,194,783

Weighted average exercise price
 
$
38.77

 
$
31.98

 
$
62.11

Restricted stock awards:
 
 
 
 
 
 
Outstanding
 
547,927

 
541,014

 
286,804

Weighted average price
 
$
21.00

 
$
26.76

 
$
37.27
Schedule of earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
Fiscal Year Ended March 31,
 
 
2018
 
2017
 
2016
Loss (in thousands):
 
 
 
 
 
 
Loss available to common stockholders – basic
 
$
(195,658
)
 
$
(170,536
)
 
$
(73,940
)
Interest expense on assumed conversion of 4½% Convertible Senior Notes, net of tax (1)
 
—

 
—

 
—

Loss available to common stockholders
 
$
(195,658
)
 
$
(170,536
)
 
$
(73,940
)
Shares:
 
 
 
 
 
 
Weighted average number of common shares outstanding – basic
 
35,288,579

 
35,044,040

 
34,893,844

Assumed conversion of 4½% Convertible Senior Notes outstanding during period (1)
 
—

 
—

 
—

Net effect of dilutive stock options, restricted stock units and restricted stock awards based on the treasury stock method
 
—

 
—

 
—

Weighted average number of common shares outstanding – diluted (2)
 
35,288,579

 
35,044,040

 
34,893,844

 
 
 
 
 
 
 
Basic loss per common share
 
$
(5.54
)
 
$
(4.87
)
 
$
(2.12
)
Diluted loss per common share
 
$
(5.54
)
 
$
(4.87
)
 
$
(2.12
)

_____________
(1) 
Diluted earnings per common share for fiscal year 2018 excludes a number of potentially dilutive shares determined pursuant to a specified formula initially issuable upon the conversion of our 4½% Convertible Senior Notes. The 4½% Convertible Senior Notes will be convertible, under certain circumstances, into cash, shares of our common stock or a combination of cash and our common stock, at our election. We have initially elected combination settlement. As of March 31, 2018, the base conversion price of the notes was approximately $15.64, based on the base conversion rate of 63.9488 shares of common stock per $1,000 principal amount of convertible notes (subject to adjustment in certain circumstances). In general, upon conversion of a note, the holder will receive cash equal to the principal amount of the note and common stock to the extent of the note’s conversion value in excess of such principal amount. Such shares did not impact our calculation of diluted earnings per share for fiscal year 2018 as our average stock price during the year did not meet or exceed the conversion requirements.
(2) 
Potentially dilutive shares issuable pursuant to our Warrant Transactions were not included in the computation of diluted income per share for fiscal year 2018, because to do so would have been anti-dilutive. For further details on the Warrant Transactions, see Note 4.
Schedule of accumulated other comprehensive income
The following table sets forth the changes in the balances of each component of accumulated other comprehensive income:
 
 
Currency Translation Adjustments
 
Pension Liability Adjustments (1)
 
Unrealized loss on cash flow hedges (2)
 
Total
Balance as of March 31, 2015
 
$
(39,066
)
 
$
(231,263
)
 
$
—

 
$
(270,329
)
Other comprehensive loss before reclassification
 
(20,195
)
 
(5,583
)
 
—

 
(25,778
)
Reclassified from accumulated other comprehensive loss
 
—

 
6,288

 
—

 
6,288

Net current period other comprehensive income (loss)
 
(20,195
)
 
705

 
—

 
(19,490
)
Foreign exchange rate impact
 
(8,104
)
 
8,104

 
—

 
—

Balance as of March 31, 2016
 
(67,365
)
 
(222,454
)
 
—

 
(289,819
)
Other comprehensive loss before reclassification
 
(26,947
)
 
(17,142
)
 
—

 
(44,089
)
Reclassified from accumulated other comprehensive loss
 
—

 
5,631

 
—

 
5,631

Net current period other comprehensive loss
 
(26,947
)
 
(11,511
)
 
—

 
(38,458
)
Foreign exchange rate impact
 
(55,409
)
 
55,409

 
—

 
—

Balance as of March 31, 2017
 
(149,721
)
 
(178,556
)
 
—

 
(328,277
)
Other comprehensive income before reclassification
 
30,196

 
3,713

 
(414
)
 
33,495

Reclassified from accumulated other comprehensive loss
 
—

 
8,620

 
68

 
8,688

Net current period other comprehensive income (loss)
 
30,196

 
12,333

 
(346
)
 
42,183

Foreign exchange rate impact
 
40,459

 
(40,459
)
 
—

 
—

Balance as of March 31, 2018
 
$
(79,066
)
 
$
(206,682
)
 
$
(346
)
 
$
(286,094
)

_______________
(1) Reclassification of amounts related to pension liability adjustments were included as a component of net periodic pension cost.
(1) Reclassification of amounts related to cash flow hedges were included as direct costs.