Loss Per Share

6 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Loss Per Share

8. Loss Per Share

The Company’s net loss per share is as follows:

		September 30,			September 30,			September 30,			September 30,
	Three Months Ended December 31,						Six Months Ended December 31,
	2011			2010			2011			2010
	(in thousands, except share and per share data)
Numerator
Net loss	$	(12,850	)	$	(10,358	)	$	(22,555	)	$	(17,604	)
Denominator
Weighted average number of shares used to compute basic loss per share		66,053,226			55,193,753			64,050,203			54,191,898
Effect of dilutive options to purchase common stock		—			—			—			—
Weighted average number of shares used to compute diluted loss per share		66,053,226			55,193,753			64,050,203			54,191,898
Basic and diluted loss per share	$	(0.19	)	$	(0.19	)	$	(0.35	)	$	(0.32	)

Due to the Company’s net losses, unvested shares of restricted stock (participating securities) totaling 2,128,872 and 1,914,957 were excluded from the calculation of basic and diluted loss per share during the three months ended December 31, 2011 and 2010, respectively and unvested shares of restricted stock (participating securities) totaling 2,056,904 and 1,888,979 were excluded from the calculation of basic and diluted loss per share during the six months ended December 31, 2011 and 2010, respectively.

In addition, stock options (non-participating securities) totaling 9,758,083 and 10,006,888 during the three months ended December 31, 2011 and 2010, respectively, were excluded from the calculation of diluted loss per share and stock options (non-participating securities) totaling 9,874,048 and 9,937,067 during the six months ended December 31, 2011 and 2010, respectively were excluded from the calculation of diluted loss per share, as their effect would have been anti-dilutive. Certain of these stock options were excluded solely due to the Company’s net loss position. Had the Company reported net income during the three months ended December 31, 2011 and 2010, these shares would have had an effect of 1,128,193 and 1,860,867 diluted shares, respectively, for purposes of calculating diluted loss per share. Had the Company reported net income during the six months ended December 31, 2011 and 2010, these shares would have had an effect of 1,240,948 and 1,888,022 diluted shares, respectively, for purposes of calculating diluted loss per share.