Note 10. Net Loss Per Share

In accordance with Accounting Standards Codification Topic 260 “Earnings Per Share”, basic earnings available to ordinary shareholders per share is computed based on the weighted average number of ordinary shares outstanding during each period. Diluted earnings available to ordinary shareholders per share is computed based on the weighted average number of ordinary shares outstanding during each period, plus potential ordinary shares considered outstanding during the period, as long as the inclusion of such shares is not anti-dilutive. Potential ordinary shares consist of the incremental ordinary shares issuable upon the exercise of share options (using the treasury shares method), the warrants to acquire ordinary shares and the ordinary shares issuable upon vesting of the MRSUs and RSUs.

The following table sets forth the computation of basic and diluted earnings per ordinary share.

	Quarter ended						Six months ended
	September 30,						September 30,
	2017			2016			2017			2016
Numerator:
Net loss	$	(21,692	)	$	(17,358	)	$	(41,929	)	$	(33,593	)
Net loss available to ordinary shareholders - basic and diluted	$	(21,692	)	$	(17,358	)	$	(41,929	)	$	(33,593	)
Denominator:
Weighted-average shares outstanding - basic and diluted		37,657,409			28,123,334			37,223,957			26,774,378
Loss per share - basic and diluted	$	(0.58	)	$	(0.62	)	$	(1.13	)	$	(1.25	)

The following table sets out the numbers of ordinary shares excluded from the above computation of earnings per share at September 30, 2017 and September 30, 2016 as their inclusion would have been anti-dilutive.

	September 30, 2017		September 30, 2016
Ordinary shares issuable on exercise of options to purchase ordinary shares		2,207,722		1,806,668
Restricted share units awarded, including the multi-year performance related restricted share units		991,563		627,287
Ordinary shares issuable on exercise of warrants at $16.14 per share		111,525		111,525
Ordinary shares issuable on exercise of warrants at $9.37 per share		64,000		64,000
		3,374,810		2,609,480