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Earnings per Share
6 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following represents a reconciliation from basic income (loss) per share to diluted income (loss) per share:
 Three Months Ended September 30,Six Months Ended September 30,
2022
2021(1)
2022
2021(1)
Numerator
Net income (loss) - Basic$86,925 $113,444 $94,607 $172,651 
Interest on Convertible Senior Notes due 2024, net of tax (2)
225 — 449 — 
Net income (loss) - Diluted$87,150 $113,444 $95,056 $172,651 
Denominator
Weighted average common shares outstanding Class A, B and C - Basic454,322 470,002 456,357 464,831 
Dilutive effect of Class A, B, and C securities (2)
1,577 3,114 1,544 2,899 
Dilutive effect of Convertible Senior Notes due 2024 (2)
8,242 — 8,242 — 
Weighted average common shares and dilutive securities outstanding Class A, B, and C464,141 473,116 466,143 467,730 
Class A and Class C securities excluded as anti-dilutive (3)
7,712 458 8,085 782 
Basic net income (loss) per share of Class A, B and C common stock$0.19 $0.24 $0.21 $0.37 
Diluted net income (loss) per share of Class A, B and C common stock$0.19 $0.24 $0.20 $0.37 
(1) The Company adopted Accounting Standard Update No. 2020-06 "Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40)" (ASU 2020-06) on January 1, 2022 using the modified retrospective transition approach. As a result, prior period comparatives have not been restated to conform to current period presentation.
(2) Effects of potentially dilutive securities are presented only in periods in which they are dilutive.
(3) Represents stock options and restricted stock units of Class A and Class C Common Stock outstanding that were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.