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Business and Basis of Presentation (Tables)

12 Months Ended

Mar. 31, 2023

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			5 to 40
Machinery			3 to 15
Computer equipment and software			3 to 5
Furniture and fixtures			7 to 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)			2023						2022
Components of Property, Plant and Equipment
Land			$	550					$	550
Building			30,447						29,046
Machinery			50,639						48,390
Computer equipment			26,413						25,245
Furniture and fixtures			3,229						3,238
Leasehold improvements			9,040						9,080
Construction in progress			17,089						16,466
			137,407						132,015
Accumulated depreciation			(66,995)						(60,715)
Property, plant and equipment, net			$	70,412					$	71,300

Computation of Basic and Diluted (Loss) Earnings Per Share

The following table sets forth the computation of basic and diluted (loss) earnings per share:

			Year Ended March 31,
(In thousands, except per share data)			2023						2022						2021
Numerator
Net (loss) income			$	(82,306)					$	205,381					$	164,682
Denominator
Denominator for basic (loss) earnings per share - weighted average shares outstanding			49,889						50,259						50,210
Dilutive effect of unvested restricted stock units and options issued to employees and directors			—						583						395
Denominator for diluted (loss) earnings per share			49,889						50,842						50,605
(Loss) earnings per Common Share:
Basic net (loss) earnings per share			$	(1.65)					$	4.09					$	3.28
Diluted net (loss) earnings per share			$	(1.65)					$	4.04					$	3.25

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- References

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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