Net Income (Loss) Per Common Share From Continuing Operations (Tables)

3 Months Ended

Jun. 30, 2017

Schedule of earnings per share, basic and diluted

The following table sets forth the computation of basic and diluted net income (loss) per common share from continuing operations (in thousands, except per share amounts):



	Three Months Ended
	June 30,
	2017		2016
Net income (loss) from continuing operations	$	170,587	$	(109,225	)
Weighted average common shares outstanding	229,429		214,345
Dilutive effect of stock options and RSUs	4,514		—
Dilutive effect of 2007 Junior debt	4,129		—
Dilutive effect of 2015 Senior debt	4,830		—
Dilutive effect of 2017 Senior debt	—		—
Dilutive effect of 2017 Junior debt	—		—
Weighted average common and potential common shares outstanding	242,902		214,345
Basic net income (loss) per common share from continuing operations	$	0.74	$	(0.51	)
Diluted net income (loss) per common share from continuing operations	$	0.70	$	(0.51	)

Schedule of Convertible Debt

The following table sets forth the applicable Conversion Rates adjusted for dividends declared since issuance of such series of Convertible Debt and the applicable Maximum Incremental Share Rate (with the exception of the 2007 Junior Debt) and applicable Conversion Rates as adjusted for dividends paid since the applicable issuance date:



	Dividend adjusted rates as of June 30, 2017
	Conversion Rate, adjusted	Approximate Conversion Price, adjusted		Maximum Incremental Rate, adjusted	Maximum Conversion Rate, adjusted
2017 Senior Debt	9.9890	$	100.11	4.9945	14.2344
2015 Senior Debt	15.5772	$	64.20	7.7886	21.8081
2017 Junior Debt	10.1674	$	98.35	5.0838	14.2344
2007 Junior Debt	42.3241	$	23.63	NA	48.6727

The following is the weighted average conversion price per share used in calculating the dilutive effect (See Note 13 for details on the convertible debt):



	June 30,
	2017		2016
2007 Junior Debt	$	23.69	$	24.23
2015 Senior Debt	$	64.35	$	65.82
2017 Senior Debt	$	100.35	$	—
2017 Junior Debt	$	98.59	$	—