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Earnings Per Share | 12 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings per share | 8. Earnings per share Basic earnings per share excludes dilution and is computed by dividing net income available to common stockholders of the Company, since February 9, 2023, by the weighted-average number of shares of Class A common stock outstanding during the same period. Diluted earnings per share reflects the potential dilution from stock-based compensation awards. The potential dilution from awards was computed using the treasury stock method based on the average fair market value of the Company’s common stock for the period. Additionally, the potential dilution impact of Class B common stock convertible into Class A was also considered in the calculation. The computation of earnings per share and weighted average shares outstanding of the Company’s common stock for the period is presented below:
|  | February 9, 2023 - March 31, 2023 |
(in thousands except share and per share amounts) |  | Income Numerator |  |  | Weighted average shares outstanding Denominator |  |  | Per Share Amount |
BASIC EPS |  |  |  |  |  |  |  |  |  |  |  |
Net income available to Nextracker Inc. common stockholders |  | $ | 1,143 |  |  |  | 45,886,065 |  |  | $ | 0.02 |
Effect of Dilutive impact |  |  |  |  |  |  |  |  |  |  |  |
Common stock equivalents from Options awards |  |  |  |  |  |  | 377,316 |  |  |  |  |
Common stock equivalents from RSUs |  |  |  |  |  |  | 1,291,346 |  |  |  |  |
Common stock equivalents from PSUs |  |  |  |  |  |  | 92,388 |  |  |  |  |
Income attributable to non-controlling interests and common stock equivalent from Class B common stock |  | $ | 2,446 |  |  |  | 98,204,522 |  |  |  |  |
DILUTED EPS |  |  |  |  |  |  |  |  |  |  |  |
Net income available to Nextracker Inc. common stockholders |  | $ | 3,589 |  |  |  | 145,851,637 |  |  | $ | 0.02 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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