| EARNINGS (LOSS) PER SHARE |
EARNINGS (LOSS) PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended March | | | | | | | | | | (In thousands, except per share amounts) | | 2026 | | | 2025 | | 2024 | | Earnings (loss) per share — basic: | | | | | | | | | Income (loss) from continuing operations | | $ | 254,920 | | | | $ | 69,324 | | | $ | (1,018,477) | | | Weighted average common shares outstanding | | 390,739 | | | | 389,152 | | | 388,360 | | | Earnings (loss) per share from continuing operations | | $ | 0.65 | | | | $ | 0.18 | | | $ | (2.62) | | | Earnings (loss) per share — diluted: | | | | | | | | | Income (loss) from continuing operations | | $ | 254,920 | | | | $ | 69,324 | | | $ | (1,018,477) | | | Weighted average common shares outstanding | | 390,739 | | | | 389,152 | | | 388,360 | | | Incremental shares from stock options and other dilutive securities | | 5,136 | | | | 3,419 | | | — | | | Adjusted weighted average common shares outstanding | | 395,875 | | | | 392,571 | | | 388,360 | | | Earnings (loss) per share from continuing operations | | $ | 0.64 | | | | $ | 0.18 | | | $ | (2.62) | |
Outstanding stock options and other dilutive securities of 11.7 million and 11.8 million shares were excluded from the calculations of diluted earnings per share for the years ended March 2026 and 2025, respectively, because the effect of their inclusion would have been anti-dilutive to those years. In addition, 2.1 million and 1.9 million shares of performance-based RSUs and RSUs with a TSR component were excluded from the calculations of diluted earnings per share for the years ended March 2026 and 2025, respectively, because these units were not considered to be contingent outstanding shares in those years. |