Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 2024

Schedule of Reconciliation of Basic Earnings per Share to Diluted Earnings per Share

The following represents a reconciliation from basic net income (loss) per share to diluted net income (loss) per share:


	Three Months Ended December 31,				Nine Months Ended December 31,
	2024		2023		2024		2023
Numerator
Net income (loss) - Basic	$	1,234	$	110,753	$	(133,810)	$	225,474
Interest on Convertible Senior Notes due 2024, net of tax (1)(2)	—		225		—		675
Net income (loss) - Diluted	$	1,234	$	110,978	$	(133,810)	$	226,149
Denominator
Weighted average common shares outstanding Class A, B and C - Basic	431,744		437,314		433,212		441,893
Dilutive effect of Class A, B, and C securities (1)	5,553		2,879		—		2,073
Dilutive effect of Convertible Senior Notes due 2024 (1)(2)	—		8,242		—		8,242
Weighted average common shares and dilutive securities outstanding Class A, B, and C	437,297		448,435		433,212		452,208

Class A and Class C securities excluded as anti-dilutive (3)	1,721		12,953		10,588		16,446

Basic net income (loss) per share of Class A, B and C common stock	$	0.00	$	0.25	$	(0.31)	$	0.51
Diluted net income (loss) per share of Class A, B and C common stock	$	0.00	$	0.25	$	(0.31)	$	0.50

(1) Effects of potentially dilutive securities are presented only in periods in which they are dilutive. No stock options, restricted stock units, or effects from the Convertible Senior Notes due 2024 are included in the computation of diluted earnings per share during periods when the Company is in the net loss position, as their effect would be anti-dilutive.

(2) The Company's Convertible Senior Notes matured on June 1, 2024. Upon maturity, the Company repaid the approximately $80.9 million aggregate principal amount of the Convertible Senior Notes outstanding using cash on hand. Refer to Note 9 of these Condensed Consolidated Financial Statements for additional details.

(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.