3. NET INCOME (LOSS) PER COMMON SHARE (Tables)

9 Months Ended

Dec. 31, 2019

NET INCOME (LOSS) PER COMMON SHARE

Basic and diluted net income (loss) per share

	Three Months Ended December 31,				Nine Months Ended December 31,
	2019		2018		2019		2018
	(In thousands, except per share amounts)
Net income (loss)	$	(4,620)	$	2,262	$	(6,513)	$	265
Denominators:
Weighted average shares—Basic		23,096		21,979		22,894		21,798
Dilutive effect of employee stock options		—		784		—		1,335
Dilutive effect of employee stock purchase plan options		—		6		—		6
Weighted average shares—Dilutive		23,096		22,769		22,894		23,139
Net income (loss) per common share—Basic	$	(0.20)	$	0.10	$	(0.28)	$	0.01
Net income (loss) per common share—Diluted	$	(0.20)	$	0.10	$	(0.28)	$	0.01

Anti-dilutive shares

	Three Months Ended December 31,		Nine Months Ended December 31,
	2019	2018	2019	2018
		(In thousands)
Shares underlying options and ESPP shares	4,048	3,961	3,762	2,470