Item 6. Selected Financial Data

The following Selected Financial Data should be read in conjunction with our Consolidated Financial Statements and related Notes, and Management's Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Annual Report on Form 10-K. (in thousands, except per share data)



	Fiscal Year Ended March 31,
STATEMENT OF OPERATIONS DATA:	2019 (1)		2018		2017		2016			2015
Net revenue	$	2,668,394	$	1,792,892	$	1,779,748	$	1,413,698		$	1,082,938
Gross profit	1,144,750		894,581		756,789		599,825			288,071
Net income (loss)	$	333,837	$	173,533	$	67,303	$	(8,302	)	$	(279,470	)
Earnings per share:
Basic:
Earnings (loss) per share:	$	2.95	$	1.57	$	0.73	$	(0.10	)	$	(3.48	)
Diluted:
Earnings (loss) per share:	$	2.90	$	1.54	$	0.72	$	(0.10	)	$	(3.48	)



	As of March 31,
BALANCE SHEET DATA:	2019		2018		2017		2016		2015(2)
Total assets	$	4,243,065	$	3,737,841	$	3,149,154	$	2,590,277	$	2,228,073
Long-term debt	—		8,068		251,929		497,935		473,030

(1) During fiscal 2019, we adopted Accounting Standards Update 2014-09, "Revenue from Contracts with Customers (Topic 606)," using a modified retrospective method. Therefore, prior periods were not restated.

(2) During fiscal 2016, we retrospectively adopted Accounting Standards Update 2015-03, "Simplifying the Presentation of Debt Issuance Costs," and as a result previously reported Total assets and Long-term debt have both decreased from previously reported amounts by $3,027 as of March 31, 2015, to reflect the deduction of debt issuance costs from the carrying amount of the related debt liability.

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