XML 55 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Net (Loss) Income Per Common Share From Continuing Operations (Tables)
9 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Schedule of earnings per share, basic and diluted
The following table sets forth the computation of basic and diluted net (loss) income per common share from continuing operations (in thousands, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
December 31,
 
December 31,
 
2017
 
2016
 
2017
 
2016
Net (loss) income from continuing operations
$
(251,086
)
 
$
107,335

 
$
108,657

 
$
33,684

Weighted average common shares outstanding
234,106

 
216,210

 
232,278

 
215,360

Dilutive effect of stock options and RSUs

 
4,330

 
4,460

 
4,317

Dilutive effect of 2007 Junior debt

 
14,884

 
1,735

 
13,674

Dilutive effect of 2015 Senior debt

 

 
9,551

 

Dilutive effect of 2017 Senior debt

 

 

 

Dilutive effect of 2017 Junior debt

 

 

 

Weighted average common and potential common shares outstanding
234,106

 
235,424

 
248,024

 
233,351

Basic net (loss) income per common share from continuing operations
$
(1.07
)
 
$
0.50

 
$
0.47

 
$
0.16

Diluted net (loss) income per common share from continuing operations
$
(1.07
)
 
$
0.46

 
$
0.44

 
$
0.14

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 Incremental Share Factors and Maximum Conversion Rates as adjusted for dividends paid since the applicable issuance date:
 
Dividend adjusted rates as of December 31, 2017
 
Conversion Rate, adjusted
 
Approximate Conversion Price, adjusted
 
Incremental Share Factor, adjusted
 
Maximum Conversion Rate, adjusted
2017 Senior Debt
10.0722

 
$
99.28

 
5.0361

 
14.3529

2015 Senior Debt
15.7069

 
$
63.67

 
7.8534

 
21.9896

2017 Junior Debt
10.2521

 
$
97.54

 
5.1261

 
14.3529

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):

 
Three Months Ended
 
Nine Months Ended
 
December 31,
 
December 31,
 
2017
 
2016
 
2017
 
2016
2007 Junior Debt
$
23.49

 
$
23.93

 
$
23.59

 
$
24.08

2015 Senior Debt
$
63.80

 
$
65.00

 
$
64.07

 
$
65.40

2017 Senior Debt
$
99.50

 
$

 
$
99.92

 
$

2017 Junior Debt
$
97.75

 
$

 
$
98.16

 
$