NET INCOME PER SHARE - Note 5

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

NET INCOME PER SHARE - Note 5

5. NET INCOME PER SHARE

Basic net income per share is computed by dividing net income available to common stockholders (numerator) by the weighted average number of vested, unrestricted common shares outstanding during the period (denominator). Diluted net income per share is computed on the basis of the weighted average number of shares of common stock outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include shares issuable upon exercise of outstanding stock options and under the ESPP.

		Three Months Ended
		June 30,
		2013		2012
		(in thousands, except per share amounts)
Numerator:
Net income available to common stockholders	$	2,139	$	8,617
Denominator:
Common shares		72,510		70,717
Denominator for basic calculation		72,510		70,717
Employee stock options		2,911		2,759
Stock purchase rights		335		309
Employee stock purchase plan		-		325
Denominator for diluted calculation		75,756		74,110
Net income per share
Basic	$	0.03	$	0.12
Diluted	$	0.03	$	0.12

The following shares attributable to outstanding stock options and stock purchase rights were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive (in thousands):

	Three Months Ended
	June 30,
	2013	2012
Employee stock options	935	774
Stock purchase rights	2	3
Total anti-dilutive employee share-based securities	937	777