2. NET INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Jun. 30, 2016

NET INCOME (LOSS) PER COMMON SHARE

NOTE 2 - NET INCOME (LOSS) PER COMMON SHARE

NOTE 2—NET INCOME (LOSS) PER COMMON SHARE

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

	Three Months Ended June 30,
	2016		2015
Net income (loss)	$	260	$	(917)
Denominators:
Weighted average shares—Basic		21,299		22,943
Dilutive effect of employee stock options		223		—
Dilutive effect of employee stock purchase plan options		4		—
Weighted average shares—Dilutive		21,526		22,943
Net income (loss) per common share—Basic	$	0.01		(0.04)
Net income (loss) per common share—Diluted	$	0.01		(0.04)

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

	Three Months Ended June 30,
	2016	2015
Shares underlying options	6,666	4,782