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

12 Months Ended

Mar. 31, 2020

NET INCOME (LOSS) PER COMMON SHARE

Basic and diluted net income (loss) per share

	Year Ended March 31,
	2020		2019		2018
	(In thousands, except per share amounts)
Net income (loss)	$	(10,337)	$	163	$	(4,515)
Denominators:
Weighted average shares—Basic		22,968		21,889		21,085
Dilutive effect of employee stock options		—		1,453		—
Dilutive effect of employee stock purchase plan options		—		7		—
Weighted average shares—Dilutive		22,968		23,349		21,085
Net income (loss) per common share—Basic	$	(0.45)	$	0.01	$	(0.21)
Net income (loss) per common share—Diluted	$	(0.45)	$	0.01	$	(0.21)

Anti-dilutive shares

	Year Ended March 31,
	2020	2019	2018
	(In thousands)
Shares underlying options and ESPP shares	3,914	2,108	2,790