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Net Income Per Common Share From Continuing Operations (Tables)
12 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted net income per common share from continuing operations (in millions, except per share amounts):
 
Year Ended March 31,
 
2019
 
2018
 
2017
Net income from continuing operations
$
355.9

 
$
255.4

 
$
170.6

Basic weighted average common shares outstanding
236.2

 
232.9

 
217.2

Dilutive effect of stock options and RSUs
3.8

 
4.4

 
4.4

Dilutive effect of 2007 Junior Convertible Debt

 
1.3

 
12.7

Dilutive effect of 2015 Senior Convertible Debt
9.9

 
10.3

 
0.5

Dilutive effect of 2017 Senior Convertible Debt

 

 

Dilutive effect of 2017 Junior Convertible Debt

 

 

Diluted weighted average common shares outstanding
249.9

 
248.9

 
234.8

Basic net income per common share from continuing operations
$
1.51

 
$
1.10

 
$
0.79

Diluted net income per common share from continuing operations
$
1.42

 
$
1.03

 
$
0.73


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 March 31, 2019
 
Conversion Rate, adjusted
 
Approximate Conversion Price, adjusted
 
Incremental Share Factor, adjusted
 
Maximum Conversion Rate, adjusted
2017 Senior Convertible Debt
10.2925

 
$
97.16

 
5.1462

 
14.6668

2015 Senior Convertible Debt
16.0504

 
$
62.30

 
8.0252

 
22.4705

2017 Junior Convertible Debt
10.4763

 
$
95.45

 
5.2382

 
14.6668


The following is the weighted average conversion price per share used in calculating the dilutive effect (See Note 12 for details on the convertible debt):

 
Year Ended March 31,
 
2019
 
2018
 
2017
2007 Junior Convertible Debt (1)
N/A

 
$
23.59

 
$
24.01

2015 Senior Convertible Debt
$
62.86

 
$
63.94

 
$
65.21

2017 Senior Convertible Debt
$
98.03

 
$
99.71

 
$
100.58

2017 Junior Convertible Debt
$
96.31

 
$
97.96

 
$
98.81


(1) No longer outstanding as of December 31, 2017.