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EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
 6 Months Ended
Sep. 30, 2019
Dividends, Share Repurchases, Earning Per Share and Accumulated Other Comprehensive Income [Abstract]  
Schedule of antidilutive securities excluded from computation of earnings per share
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:
 
 
Three Months Ended
 September 30,
 
Six Months Ended
 September 30,
 
 
2019
 
2018
 
2019
 
2018
Options:
 
 
 
 
 
 
 
 
Outstanding
 
3,161,465

 
2,751,470

 
3,179,147

 
2,794,032

Weighted average exercise price
 
$
26.58

 
$
31.26

 
$
26.57

 
$
33.25

Restricted stock awards:
 
 
 
 
 
 
 
 
Outstanding
 
841,574

 
773,799

 
646,040

 
515,395

Weighted average price
 
$
6.44

 
$
12.29

 
$
8.51

 
$
13.68
Schedule of earnings per share, basic and diluted
The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended
 September 30,
 
Six Months Ended
 September 30,
 
 
2019
 
2018
 
2019
 
2018
Loss (in thousands):
 
 
 
 
 
 
 
 
Loss available to common stockholders – basic
 
$
(162,974
)
 
$
(143,947
)
 
$
(332,220
)
 
$
(175,811
)
Loss available to common stockholders – diluted
 
(162,974
)
 
(143,947
)
 
$
(332,220
)
 
$
(175,811
)
Shares:
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding – basic
 
35,918,916

 
35,768,232

 
35,918,916

 
35,685,388

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

 
—

 
—

 
—

Weighted average number of common shares outstanding – diluted (1)
 
35,918,916

 
35,768,232

 
35,918,916

 
35,685,388

 
 
 
 
 
 
 
 
 
Basic loss per common share
 
$
(4.54
)
 
$
(4.02
)
 
$
(9.25
)
 
$
(4.93
)
Diluted loss per common share
 
$
(4.54
)
 
$
(4.02
)
 
$
(9.25
)
 
$
(4.93
)

_____________
(1) 
Potentially dilutive shares issuable pursuant to our warrant transactions entered into concurrently with the issuance of our 4½% Convertible Senior Notes (the “Warrant Transactions”) were not included in the computation of diluted income per share for the three and six months ended September 30, 2019 and 2018, because to do so would have been anti-dilutive. For further details on the Warrant Transactions, see Note 5 in our fiscal year 2019 Financial Statements.
Schedule of accumulated other comprehensive income (loss)
The following table sets forth the changes in the balances of each component of accumulated other comprehensive loss (in thousands):
 
 
Currency Translation Adjustments
 
Pension Liability Adjustments (1)
 
Unrealized gain (loss) on cash flow hedges (2)
 
Total
Balance as of March 31, 2019
 
$
(137,867
)
 
$
(189,734
)
 
$
(388
)
 
$
(327,989
)
Other comprehensive income before reclassification
 
4,589

 
—

 
2,733

 
7,322

Reclassified from accumulated other comprehensive income
 
—

 
—

 
(1,135
)
 
(1,135
)
Net current period other comprehensive income
 
4,589

 
—

 
1,598

 
6,187

Foreign exchange rate impact
 
(12,133
)
 
12,133

 
—

 
—

Balance as of September 30, 2019
 
$
(145,411
)
 
$
(177,601
)
 
$
1,210

 
$
(321,802
)

_____________ 
(1) 
Reclassification of amounts related to pension liability adjustments are included as a component of net periodic pension cost.
(2) 
Reclassification of amounts related to cash flow hedges were included as direct costs.