3. NET LOSS PER COMMON SHARE

12 Months Ended

Mar. 31, 2022

NET LOSS PER COMMON SHARE

NOTE 3 - NET LOSS PER COMMON SHARE

NOTE 3—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,
	2022		2021		2020
	(In thousands, except per share amounts)
Net loss	$	(16,368)	$	(21,505)	$	(10,337)
Denominators:
Weighted average shares—Basic		24,303		23,671		22,968
Dilutive effect of employee stock options		—		—		—
Dilutive effect of employee stock purchase plan options		—		—		—
Weighted average shares—Dilutive		24,303		23,671		22,968
Net loss per common share—Basic	$	(0.67)	$	(0.91)	$	(0.45)
Net loss per common share—Diluted	$	(0.67)	$	(0.91)	$	(0.45)

The following shares of common stock (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,
	2022	2021	2020
	(In thousands)
Shares underlying options and ESPP shares	6,405	4,607	3,914