NET INCOME (LOSS) PER SHARE - Note 11

12 Months Ended

Mar. 31, 2017

Notes to Financial Statements

NET INCOME (LOSS) PER SHARE - Note 11

11. NET INCOME (LOSS) PER SHARE

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

		Years Ended March 31,
		2017		2016		2015
		(In Thousands, Except Per Share Amounts)
Numerator:
Net income (loss) available to common stockholders	$	(4,751)	$	(5,120)	$	1,926
Denominator:
Common shares		90,340		88,477		89,071
Denominator for basic calculation		90,340		88,477		89,071
Employee stock options		-		-		2,088
Employee restricted purchase rights		-		-		493
Denominator for diluted calculation		90,340		88,477		91,652
Net income (loss) per share:
Basic	$	(0.05)	$	(0.06)	$	0.02
Diluted	$	(0.05)	$	(0.06)	$	0.02

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,
	2017	2016	2015
Common stock options	4,462	4,793	1,812
Stock purchase rights	4,950	4,628	57
	9,412	9,421	1,869