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Business and Basis of Presentation (Tables)

12 Months Ended

Mar. 31, 2024

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)			2024						2023
Components of Property, Plant and Equipment
Land			$	550					$	550
Building			31,009						30,447
Machinery			70,873						50,639
Computer equipment			30,173						26,413
Furniture and fixtures			3,294						3,229
Leasehold improvements			10,555						9,040
Construction in progress			2,413						17,089
			148,867						137,407
Accumulated depreciation			(72,360)						(66,995)
Property, plant and equipment, net			$	76,507					$	70,412

Computation of Basic and Diluted (Loss) Earnings Per Share

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

			Year Ended March 31,
(In thousands, except per share data)			2024						2023						2022
Numerator
Net income (loss)			$	209,339					$	(82,306)					$	205,381
Denominator
Denominator for basic earnings (loss) per share - weighted average shares outstanding			49,757						49,889						50,259
Dilutive effect of unvested restricted stock units and options issued to employees and directors			421						—						583
Denominator for diluted earnings (loss) per share			50,178						49,889						50,842
Earnings (loss) per Common Share:
Basic net earnings (loss) per share			$	4.21					$	(1.65)					$	4.09
Diluted net earnings (loss) per share			$	4.17					$	(1.65)					$	4.04

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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