EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY:

6 Months Ended

Sep. 30, 2021

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY:

Earnings (Loss) Per Share

A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts):


	For the three months ended				For the six months ended
	September 30,				September 30,
	2021		2020		2021		2020
Basic earnings (loss) per share:


Net earnings (loss)	$	(6,431)	$	(23,968)	$	10,934	$	(45,696)

Basic weighted-average shares outstanding	68,042		66,010		68,185		65,790



Basic earnings (loss) per share	$	(0.09)	$	(0.36)	$	0.16	$	(0.69)

Diluted earnings (loss) per share:
Basic weighted-average shares outstanding	68,042		66,010		68,185		65,790
Dilutive effect of common stock options and restricted stock as computed under the treasury stock method (1)	—		—		1,288		—
Diluted weighted-average shares outstanding	68,042		66,010		69,473		65,790



Diluted earnings (loss) per share	$	(0.09)	$	(0.36)	$	0.16	$	(0.69)

(1) The number of common stock options and restricted stock units as computed under the treasury stock method that would have otherwise been dilutive but are excluded from the table above because their effect would have been anti-dilutive due to the net loss position of the Company was (i) 1.3 million in the three months ended September 30, 2021, and (ii) 2.8 million and 2.3 million in the three and six months ended September 30, 2020, respectively.

Restricted stock units that were outstanding during the periods presented but were not included in the computation of diluted earnings (loss) per share because their effect would have been anti-dilutive (other than due to the net loss position of the Company) are shown below (shares in thousands):


	For the three months ended		For the six months ended
	September 30,		September 30,
	2021	2020	2021	2020
Number of shares underlying restricted stock units	981	1,065	766	546

Stockholders’ Equity

Under the modified common stock repurchase program, the Company may purchase up to $1.0 billion of its common stock through the period ending December 31, 2022. During the six months ended September 30, 2021, the Company repurchased 1.0 million shares of its common stock for $44.1 million under the stock repurchase program. Through September 30, 2021, the Company had repurchased a total of 29.2 million shares of its stock for $717.6 million under the stock repurchase program, leaving remaining capacity of $282.4 million.

Accumulated other comprehensive income balances of $6.0 million and $7.5 million at September 30, 2021 and March 31, 2021, respectively, reflect accumulated foreign currency translation adjustments.