Net Income (Loss) Per Common Share (Tables)

12 Months Ended

Mar. 31, 2026

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted net income (loss) per common share (in millions, except per share amounts):


	Fiscal Year Ended March 31,
	2026		2025		2024
Net income (loss)	$	230.0	$	(0.5)	$	1,906.9
Dividends on Series A Preferred Stock	(111.2)		(2.2)		—
Net income (loss) attributable to common stockholders	118.8		(2.7)		1,906.9
Basic weighted average common shares outstanding	540.4		537.3		542.0
Dilutive effect of RSUs	4.4		—		5.1

Dilutive effect of 2015 Senior Convertible Debt	—		—		0.2
Dilutive effect of 2017 Senior Convertible Debt	0.4		—		0.7


Dilutive effect of Series A Preferred Stock	—		—		—
Diluted weighted average common shares outstanding	545.2		537.3		548.0
Basic net income (loss) per common share	$	0.22	$	(0.01)	$	3.52
Diluted net income (loss) per common share	$	0.22	$	(0.01)	$	3.48

Schedule of Convertible Debt

The following is the weighted average conversion price per share used in calculating the dilutive effect (see Note 6 for details on the Convertible Debt):


	Fiscal Year Ended March 31,
	2026		2025		2024

2015 Senior Convertible Debt(1)	$	—	$	28.49	$	29.02
2017 Senior Convertible Debt	$	42.99	$	44.27	$	45.26
2020 Senior Convertible Debt(2)	$	—	$	91.08	$	91.91
2024 Senior Convertible Debt	$	121.81	$	121.83	$	—
2026 Senior Convertible Debt	$	104.17	$	—	$	—
2017 Junior Convertible Debt(3)	$	—	$	—	$	44.81

(1) The weighted average conversion price per share for the 2015 Senior Convertible Debt was prior to the settlement of the outstanding principal amount in February 2025.

(2) The weighted average conversion price per share for the 2020 Senior Convertible Debt was prior to the settlement of the outstanding principal amount in November 2024.

(3) The weighted average conversion price per share for the 2017 Junior Convertible Debt was prior to the settlement of the outstanding principal amount in May 2023.