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NET INCOME (LOSS) PER SHARE | 12 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
NET INCOME (LOSS) PER SHARE | NET INCOME (LOSS) PER SH ARE Calculations of the basic and diluted net inco me (loss) pe r share and potential common shares are as follows (in thousands, except for per share data):
| Fiscal Year Ended March 31,
| 2025 |  | 2024 |  | 2023
Numerator: |  |  |  |  |
Net incom e (loss) | $ | (366,922) |  |  | $ | (147,734) |  |  | $ | 59,648 |
Denominator: |  |  |  |  |
Denominator for basic net inco me (loss) per sh are - weighted average common shares outstanding | 71,627 |  |  | 71,474 |  |  | 71,781 |
Dilutive common equivalent shares: |  |  |  |  |
Weighted average restricted stock units and performance-based restricted stock units | — |  |  | — |  |  | 1,265 |
Denominator for diluted net inc ome (loss) per sha re - weighted average shares outstanding | 71,627 |  |  | 71,474 |  |  | 73,046 |
Net income (loss) p er share: |  |  |  |  |
Basic net incom e (loss) per sh are | $ | (5.12) |  |  | $ | (2.07) |  |  | $ | 0.83 |
Diluted net in come (loss) per share | $ | (5.12) |  |  | $ | (2.07) |  |  | $ | 0.82 |
The following table sets forth restricted stock units excluded from the calculation of diluted net inc ome (loss) per share, since their inclusion would be antidilutive (in thousands):
| Fiscal Year Ended March 31,
| 2025 |  | 2024 |  | 2023
Restricted stock units | 608 |  |  | 820 |  |  | 1,799 |
Basic net inco me (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 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 unrecognized compensation expense as additional proceeds. As the Company incurred a net loss for the fiscal years ended March 31, 2025 and 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. The delivery of 4.5 million shares under the Company's ASR agreements reduced the Company's outstanding shares used to determine the weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share for the fiscal year ended March 31, 2023. See Note 14 for additional information.

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