EARNINGS PER SHARE

3 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

11. EARNINGS PER SHARE

The basic and diluted earnings/ (loss) per share were as follows:

	Three months ended June 30,
	2018		2017
Net Income/ (Loss)	$	1,035	$	(1,650	)
Basic weighted average outstanding equity shares		36,600,811		36,509,773
Adjustment for dilutive potential ordinary shares
Options under Majesco 2015 Equity Incentive Plan		2,188,914		0
Dilutive weighted average outstanding equity shares		38,789,725		36,509,773
Earnings per share:
Basic	$	0.03	$	(0.05	)
Diluted	$	0.03	$	(0.05	)

Basic earnings per share amounts are calculated by dividing net income for the three months ended June 30, 2018 and 2017 attributable to common shareholders by the weighted average number of ordinary shares outstanding during the same periods.

Diluted earnings per share amounts are calculated by dividing the net income attributable to common shareholders by the sum of the weighted average number of shares of common stock outstanding during the three months periods plus the weighted average number of shares of common stock that would be issued upon the conversion of all the dilutive potential shares of common stock into shares of common stock.

The calculation of diluted earnings per share excluded 754,816 shares and options for the three months ended June 30, 2018 and 2,813,559 shares and options for the three months ended June 30, 2017 granted to employees, as their inclusion would have been antidilutive.