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Business and Basis of Presentation (Tables)
 12 Months Ended
Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Property, Plant and Equipment
Property, plant and equipment are stated at cost and are depreciated using the straight-line method based on the following estimated useful lives:
 
Years
Building
15 - 40
Machinery
3 - 15
Computer equipment and software
3 - 5
Furniture and fixtures
7 - 10
Leasehold improvements
*

*Leasehold improvements are amortized over the lesser of the lease term or the estimated useful life of the related assets.
Property, plant and equipment, net consist of the following:
 
March 31,
(In thousands)
2019
 
2018
Components of Property, Plant and Equipment
 
 
 
Land
$
550

 
$
550

Building
13,960

 
13,746

Machinery
42,472

 
38,599

Computer equipment
20,716

 
18,116

Furniture and fixtures
3,200

 
2,924

Leasehold improvements
9,090

 
8,804

 
89,988

 
82,739

Accumulated depreciation
(38,812
)
 
(30,187
)
Property, plant and equipment, net
$
51,176

 
$
52,552
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
 
Year Ended March 31,
 (In thousands, except per share data)
2019
 
2018
 
2017
Numerator
 
 
 
 
 
Net (loss) income
$
(35,800
)
 
$
339,570

 
$
69,395

 
 
 
 
 
 
Denominator
 
 
 

 
 

Denominator for basic (loss) earnings per share - weighted average shares outstanding
52,068

 
53,099

 
52,976

Dilutive effect of unvested restricted stock units and options issued to employees and directors
—

 
427

 
386

Denominator for diluted (loss) earnings per share
52,068

 
53,526

 
53,362

 
 
 
 
 
 
(Loss) earnings per Common Share:
 
 
 

 
 

Basic net (loss) earnings per share
$
(0.69
)
 
$
6.40

 
$
1.31

 
 
 
 
 
 
Diluted net (loss) earnings per share
$
(0.69
)
 
$
6.34

 
$
1.30
Impact of Adopting ASC 606
The impact of adopting ASC 606 on our Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) is as follows:

Year Ended March 31, 2019
(In thousands)
As Reported

Impact of Change

Without Adoption of ASC 606
Total revenues
$
975,777


$
(14,756
)

$
961,021

Cost of sales
$
420,201


$
(5,220
)

$
414,981

Total operating expenses
$
488,073


$
(319
)

$
487,754

Loss before income taxes
$
(38,055
)

$
(9,217
)

$
(47,272
)
(Benefit) for income taxes
$
(2,255
)

$
(2,662
)

$
(4,917
)
Net loss
$
(35,800
)

$
(6,555
)

$
(42,355
)
The effects of this recently adopted accounting pronouncement to our Consolidated Balance Sheet as of April 1, 2018 are as follows:
(In thousands)
Balance
March 31, 2018

New Revenue Standard Adjustment

April 1, 2018
Accounts receivable, net
$
140,881


$
5,438


$
146,319

Inventories
118,547


(1,768
)

116,779

Other accrued liabilities
52,101


1,926


54,027

Deferred income tax liabilities
442,518


401


442,919

Retained earnings
736,277


1,343


737,620