v3.26.1
EARNINGS PER SHARE
 12 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 16. EARNINGS PER SHARE
The following represents a reconciliation from basic net income (loss) per share to diluted net income (loss) per share:
Year Ended March 31,
202620252024
Numerator
Net income (loss) - Basic$(495,643)$(201,267)$232,042 
Interest on Convertible Senior Notes due 2024, net of tax(1)
— — 901 
Net income (loss) - Diluted$(495,643)$(201,267)$232,943 
Denominator
Weighted average common shares outstanding
Class A, B and C - Basic		426,575 432,245 440,324 
Dilutive effect of Class A and C securities(2)
— — 2,445 
Dilutive effect of Convertible Senior Notes due 2024(1)
— — 8,242 
Weighted average common shares and dilutive securities outstanding
Class A, B, and C - Diluted		426,575 432,245 451,011 
Class A and Class C securities excluded as anti-dilutive (3)
13,433 10,656 15,076 
Net income (loss) per share of Class A, B and C common stock - Basic$(1.16)$(0.47)$0.53 
Net income (loss) per share of Class A, B and C common stock - Diluted$(1.16)$(0.47)$0.52 
(1) The Company's Convertible Senior Notes matured on June 1, 2024.
(2) Effects of potentially dilutive securities are presented only in periods in which they are dilutive. No stock options or restricted stock units were included in the computation of diluted earnings per share during periods when the Company was in a net loss position, as their effect would be anti-dilutive. The Company was in a net loss position for Fiscal 2026 and Fiscal 2025. As a result, approximately 3.6 million and 4.0 million of dilutive Class A and C securities were excluded from the computation of diluted earnings per share for those periods, respectively.
(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.