2. NET LOSS PER COMMON SHARE

12 Months Ended

Mar. 31, 2016

NET LOSS PER COMMON SHARE

NOTE 2 - NET LOSS PER COMMON SHARE

NOTE 2—NET LOSS PER COMMON SHARE

The Company uses the treasury stock method to calculate the weighted average shares used in computing diluted net loss per share.The following table sets forth the computation of basic and diluted net loss per share:

	Year Ended March 31,
	2016		2015		2014
	(In thousands, except per share amounts)
Net loss	$	(2,170)	$	(4,978)	$	(6,189)
Denominators:
Weighted average shares—Basic		22,593		25,029		27,505
Dilutive effect of employee stock options		-		-		-
Dilutive effect of employee stock purchase plan options		-		-		-
Weighted average shares—Dilutive		22,593		25,029		27,505
Net loss per common share—Basic	$	(0.10)	$	(0.20)	$	(0.23)
Net loss per common share—Diluted	$	(0.10)	$	(0.20)	$	(0.23)

The following shares of common stock underlying outstanding stock options, determined on a weighted average basis, were excluded from the computation of diluted net loss per common share as they had an anti-dilutive effect:

	Year Ended March 31,
	2016	2015	2014
	(In thousands)
Shares underlying options	5,407	3,851	2,911