Earnings Per Share (Tables)

12 Months Ended

Mar. 31, 2014

Outstanding Shares of Potentially Dilutive Securities Excluded from Computation of Diluted Net Income Per Share of Common Stock

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted earnings per share of common stock for the periods presented, because including them would have been anti-dilutive:



	Fiscal Year Ended March 31,
	2014	2013	2012
Options to purchase common stock	57,085	91,239	379,304
Restricted stock units	10,651	—	16,700
Convertible preferred stock (on an as-if converted basis)	—	—	15,221,571
Convertible preferred stock warrant	—	—	80,560
Total	67,736	91,239	15,698,135

Reconciliation of Basic and Diluted Net Income Per Share Attributable to Common Stockholders

A reconciliation of the basic and diluted earnings per share attributable to common stockholders is as follows (in thousands except share and per share amounts):



	Fiscal Year Ended March 31,
	2014		2013		2012
Earnings per share:
Net income	$	15,289	$	11,252	$	10,036
Less: Dividends paid to convertible preferred stockholders	—		—		13,141
Undistributed loss attributable to convertible preferred stockholders	—		—		(3,408		)
Net income attributable to common stockholders	$	15,289	$	11,252	$	303
Weighted average shares of common stock outstanding used in computing earnings per share—basic	16,926,827		17,129,334		469,089
Potential dilutive options	467,146		570,210		641,999
Potential dilutive restricted stock units	18,575		8,295		—
Weighted average shares of common stock outstanding used in computing earnings per share—diluted	17,412,548		17,707,839		1,111,088
Earnings per share —Basic	$	0.90	$	0.66	$	0.65
—Diluted	$	0.88	$	0.64	$	0.27