(7)	LOSS PER SHARE

The components of basic and diluted loss per share for the quarters and the nine-month periods ended December 31, 2016 and 2015 are as follows:

	Quarter Ended						Nine Months Ended
	December 31,						December 31,
(In thousands, except share and per share data)	2016			2015			2016			2015
Net loss available to common shareholders	$	(297,676	)		(19,509	)		(565,263	)		(78,396	)
Weighted average outstanding shares of common stock, basic		47,068,079			46,943,705			47,067,887			46,956,041
Dilutive effect of options and restricted stock awards and units		—			—			—			—
Weighted average common stock and equivalents		47,068,079			46,943,705			47,067,887			46,956,041

Loss per share, basic (A)	$	(6.32	)		(0.42	)		(12.01	)		(1.67	)
Loss per share, diluted (B)	$	(6.32	)		(0.42	)		(12.01	)		(1.67	)
Additional information:
Antidilutive incremental options and restricted stock awards and units		193,238			455,663			338,039			385,073

(A)

The company calculates “Loss per share, basic” by dividing “Net loss available to common shareholders” by “Weighted average outstanding shares 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”. As a result of the net losses incurred, the company has excluded the antidilutive effect of incremental share equivalents related to options, restricted stock awards and restricted stock units from the “Loss per share, diluted” calculation for the quarters and nine month periods ended December 31, 2016 and 2015.