Annual report pursuant to Section 13 and 15(d)

Net Income / (Loss) per Common Share

Net Income / (Loss) per Common Share
12 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Net Income / (Loss) per Common Share Net Income / (Loss) per Common ShareBasic and diluted net income / (loss) per share is calculated by dividing net income / (loss) by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee stock-based awards in periods where the Company has net losses. Because the Company had a net loss for the year ended March 31, 2019, all potentially dilutive shares of common stock were determined to be anti-dilutive and, accordingly, were not included in the calculation of diluted net loss per share for those fiscal years.
The following table sets forth the computation of net income / (loss) per share of common stock (in thousands, except per share amounts):
Year ended March 31,
  2021 2020 2019
Income / (loss) from continuing operations, net of taxes $ 54,884  $ 14,280  $ (4,302)
Weighted-average common shares outstanding, basic 88,514  84,594  77,440 
Basic net income / (loss) per common share $ 0.62  $ 0.17  $ (0.06)
Weighted-average common shares outstanding, diluted 96,151  89,558  77,440 
Diluted net income / (loss) per common share $ 0.57  $ 0.16  $ (0.06)
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive —  —  3,312