Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.23.3
NET LOSS PER SHARE
 6 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
NET LOSS PER SHARE NET LOSS PER SHARE
  Three Months Ended September Six Months Ended September
(In thousands, except per share amounts) 2023 2022 2023 2022
Net loss per common share – basic:
Net loss
 $ (450,697) $ (118,432) $ (508,122) $ (174,392)
Weighted average common shares outstanding
 388,338  387,688  388,249  387,625 
Net loss per common share
 $ (1.16) $ (0.31) $ (1.31) $ (0.45)
Net loss per common share – diluted:
Net loss
 $ (450,697) $ (118,432) $ (508,122) $ (174,392)
Weighted average common shares outstanding
 388,338  387,688  388,249  387,625 
Incremental shares from stock options and other dilutive securities
 —  —  —  — 
Adjusted weighted average common shares outstanding
 388,338  387,688  388,249  387,625 
Net loss per common share
 $ (1.16) $ (0.31) $ (1.31) $ (0.45)
In the three and six-month periods ended September 2023 and September 2022, the dilutive impacts of outstanding stock options and other dilutive securities were excluded from dilutive shares as a result of the Company's net loss for the periods and, as such, their inclusion would have been anti-dilutive. As a result, a total of 19.3 million and 19.0 million potentially dilutive shares related to stock options and other dilutive securities were excluded from the diluted earnings per share calculations for the three and six-month periods ended September 2023, respectively, and 13.0 million and 13.2 million potentially dilutive shares were excluded for the three and six-month periods ended September 2022, respectively.