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EARNINGS PER SHARE (Tables)
 12 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share for the years ended March 31, are as follows:

 

(In thousands, except share and per share data)

 

2017

 

 

2016

 

 

2015

 

Net loss available to common

   shareholders

 

$

(660,118

)

 

 

(160,183

)

 

 

(65,190

)

Weighted average outstanding shares of common

   stock, basic

 

 

47,071,066

 

 

 

46,981,102

 

 

 

48,658,840

 

Dilutive effect of options and restricted stock awards

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average common stock and equivalents

 

 

47,071,066

 

 

 

46,981,102

 

 

 

48,658,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share, basic (A)

 

$

(14.02

)

 

 

(3.41

)

 

 

(1.34

)

Loss per share, diluted (B)

 

$

(14.02

)

 

 

(3.41

)

 

 

(1.34

)

Additional information:

 

 

 

 

 

 

 

 

 

 

 

 

Antidilutive options and restricted stock shares

 

 

1,233

 

 

 

489,325

 

 

 

284,635

 

 

 

(A)

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

 

(B)

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