The components of basic and diluted earnings (loss) per share for the quarters and the six-month periods ended September 30, are as follows:


	Quarter Ended September 30,				Six Months Ended September 30,
(In thousands, except share and per share data)	2015		2014		2015		2014

Net Income (loss) available to common shareholders	$	(43,835)		60,907		(58,887)		104,580
Weighted average outstanding shares of common stock, basic		46,942,950		49,582,086		46,962,242		49,581,707
Dilutive effect of options and restricted stock awards and units		---		230,841		---		219,607

Weighted average common stock and equivalents		46,942,950		49,812,927		46,962,242		49,801,314
Earnings (loss) per share, basic (A)	$	(0.93)		1.23		(1.25)		2.11
Earnings (loss) per share, diluted (B)	$	(0.93)		1.22		(1.25)		2.10
Additional information:
Antidilutive incremental options and restricted stock awards and units		317,518		27,138		306,727		27,138

(A)

The company calculates “Earnings (loss) per share, basic” by dividing “Net income (loss) available to common shareholders” by “Weighted average outstanding share of common stock, basic”.

(B)

The company calculates “Earnings (loss) per share, diluted” by dividing “Net income (loss) available to common shareholders” by “Weighted average common stock and equivalents”.