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NET INCOME (LOSS) PER SHARE
 6 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE NET INCOME (LOSS) PER SHARE
Calculations of the basic and diluted net income (loss) per share and potential common shares are as follows (in thousands, except for per share data):
Three Months EndedSix Months Ended
 September 30,September 30,
 2024202320242023
Numerator:
Net income (loss)$9,027 $21,462 $(434,349)$17,262 
Denominator:
Denominator for basic net income (loss) per share - weighted average common shares outstanding71,447 72,112 71,457 71,828 
Dilutive common equivalent shares:
Weighted average restricted stock units and performance-based restricted stock units390 685 — 1,010 
Denominator for diluted net income (loss) per share - weighted average shares outstanding71,837 72,797 71,457 72,838 
Net income (loss) per share:
Basic net income (loss) per share$0.13 $0.30 $(6.08)$0.24 
Diluted net income (loss) per share$0.13 $0.29 $(6.08)$0.24 
The following table sets forth restricted stock units excluded from the calculation of diluted net income (loss) per share, since their inclusion would be anti-dilutive (in thousands):
Three Months EndedSix Months Ended
 September 30,September 30,
 2024202320242023
Restricted stock units3,312 3,859 740 4,000 
Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares outstanding during the period. Unvested restricted shares, although legally issued and outstanding, are not considered outstanding for purposes of calculating basic earnings per share. Diluted net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares outstanding plus the dilutive effect, if any, of outstanding stock options, restricted shares and restricted stock units using the treasury stock method. The calculation of the dilutive effect of outstanding equity awards under the treasury stock method includes consideration of proceeds from the assumed exercise of stock options and unrecognized compensation expense as additional proceeds. As the Company incurred a net loss during the six months ended September 30, 2024, all outstanding restricted stock units and performance-based restricted stock units have an anti-dilutive effect and are therefore excluded from the computation of diluted weighted average shares outstanding.