NET INCOME PER SHARE - Note 11

12 Months Ended

Mar. 31, 2015

Notes to Financial Statements

NET INCOME PER SHARE - Note 11

11. NET INCOME PER SHARE

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net income per share (in thousands, except share and per share data):

		Years Ended March 31,
		2015		2014		2013
		(In Thousands, Except Per Share Amounts)
Numerator:
Income from continuing operations	$	1,926	$	1,598	$	13,450
Income from discontinued operations, net
of income tax provision		-		916		489
Net income available to common stockholders	$	1,926	$	2,514	$	13,939
Denominator:
Common shares		89,071		78,310		71,390
Denominator for basic calculation		89,071		78,310		71,390
Employee stock options		2,088		2,927		2,958
Employee restricted purchase rights		493		421		352
Denominator for diluted calculation		91,652		81,658		74,700
Income per share - continuing operations:
Basic	$	0.02	$	0.02	$	0.19
Diluted	$	0.02	$	0.02	$	0.18
Income per share - discontinued operations:
Basic	$	0.00	$	0.01	$	0.01
Diluted	$	0.00	$	0.01	$	0.01
Net income per share:
Basic	$	0.02	$	0.03	$	0.20
Diluted	$	0.02	$	0.03	$	0.19

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

	Years Ended March 31,
	2015	2014	2013
Common stock options	1,812	750	953
Stock purchase rights	57	18	16
	1,869	768	969