v3.8.0.1
Net Income (Loss) Per Common Share From Continuing Operations (Tables)
 6 Months Ended
Sep. 30, 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 income (loss) per common share from continuing operations (in thousands, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Net income (loss) from continuing operations
$
189,156

 
$
35,574

 
$
359,743

 
$
(73,651
)
Weighted average common shares outstanding
233,299

 
215,524

 
231,364

 
214,935

Dilutive effect of stock options and RSUs
4,464

 
4,465

 
4,490

 
—

Dilutive effect of 2007 Junior debt
678

 
13,971

 
2,403

 
—

Dilutive effect of 2015 Senior debt
6,326

 
—

 
5,578

 
—

Dilutive effect of 2017 Senior debt
—

 
—

 
—

 
—

Dilutive effect of 2017 Junior debt
—

 
—

 
—

 
—

Weighted average common and potential common shares outstanding
244,767

 
233,960

 
243,835

 
214,935

Basic net income (loss) per common share from continuing operations
$
0.81

 
$
0.17

 
$
1.55

 
$
(0.34
)
Diluted net income (loss) per common share from continuing operations
$
0.77

 
$
0.15

 
$
1.48

 
$
(0.34
)
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 Maximum Incremental Share Rate (with the exception of the 2007 Junior Debt) and applicable Conversion Rates as adjusted for dividends paid since the applicable issuance date:
 
Dividend adjusted rates as of September 30, 2017
 
Conversion Rate, adjusted
 
Approximate Conversion Price, adjusted
 
Maximum Incremental Rate, adjusted
 
Maximum Conversion Rate, adjusted
2017 Senior Debt
10.0322

 
$
99.68

 
5.0161

 
14.2959

2015 Senior Debt
15.6445

 
$
63.92

 
7.8223

 
21.9023

2017 Junior Debt
10.2114

 
$
97.93

 
5.1057

 
14.2959

2007 Junior Debt
42.5069

 
$
23.53

 
NA

 
48.8829

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
 
Six Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
2007 Junior Debt
$
23.58

 
$
24.07

 
$
23.64

 
$
24.15

2015 Senior Debt
$
64.06

 
$
65.38

 
$
64.21

 
$
65.60

2017 Senior Debt
$
99.90

 
$
—

 
$
100.13

 
$
—

2017 Junior Debt
$
98.15

 
$
—

 
$
98.37

 
$
—