2.EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY:

Earnings (Loss) Per Share

A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts):

	For the quarter ended September 30					For the six months ended September 30
	2014			2013		2014			2013
Basic earnings (loss) per share:
Net earnings (loss) from continuing operations	$	(1,496	)	$	9,438	$	(7,568	)	$	21,941
Net earnings (loss) from discontinued operations	(48		)	426		(1,580		)	1,018
Net earnings (loss)	$	(1,544	)	$	9,864	$	(9,148	)	$	22,959
Net earnings (loss) attributable to noncontrolling interest	—			25		—			(60		)
Net earnings (loss) attributable to Acxiom	$	(1,544	)	$	9,839	$	(9,148	)	$	23,019

Basic weighted-average shares outstanding	77,123			73,778		76,978			73,728
Basic earnings (loss) per share:
Continuing operations	$	(0.02	)	$	0.13	$	(0.10	)	$	0.30
Discontinued operations	$	—		$	0.01	$	(0.02	)	$	0.01
Net earnings (loss)	$	(0.02	)	$	0.13	$	(0.12	)	$	0.31
Net earnings (loss) attributable to noncontrolling interest	$	—		$	—	$	—		$	—
Net earnings (loss) attributable to Acxiom	$	(0.02	)	$	0.13	$	(0.12	)	$	0.31

Diluted earnings (loss) per share:
Basic weighted-average shares outstanding	77,123			73,778		76,978			73,728
Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method	—			2,258		—			2,036
Diluted weighted-average shares outstanding	77,123			76,036		76,978			75,764
Diluted earnings (loss) per share:
Continuing operations	$	(0.02	)	$	0.12	$	(0.10	)	$	0.29
Discontinued operations	$	—		$	0.01	$	(0.02	)	$	0.01
Net earnings (loss)	$	(0.02	)	$	0.13	$	(0.12	)	$	0.30
Net earnings (loss) attributable to noncontrolling interest	$	—		$	—	$	—		$	—
Net earnings (loss) attributable to Acxiom	$	(0.02	)	$	0.13	$	(0.12	)	$	0.30

Some earnings (loss) per share amounts may not add due to rounding.

Options and warrants to purchase shares of common stock and restricted stock units that were outstanding during the periods presented, but were not included in the computation of diluted earnings (loss) per share because the effect was antidilutive are shown below (in thousands, except per share amounts):

	For the quarter ended September 30		For the six months ended September 30
	2014	2013	2014	2013
Number of shares outstanding under options, warrants and restricted stock units	3,446	2,224	1,813	3,390
Range of exercise prices for options and warrants	$19.02-$62.06	$21.46-$62.06	$21.17-$62.06	$21.46-$62.06

In addition to the antidilutive items shown above, because of the loss reported for the quarter and six months ended September 30, 2014, all options, warrants, and restricted stock are excluded from the diluted weighted-average shares calculation since the effect would be antidilutive.

Stockholders’ Equity

On August 29, 2011, the board of directors adopted a common stock repurchase program. That program was subsequently modified and expanded on December 5, 2011, on May 24, 2012, on February 5, 2013, and again on November 18, 2013. Under the modified common stock repurchase program, the Company may purchase up to $250.0 million of its common stock through the period ending November 18, 2014. During the six months ended September 30, 2014, the Company repurchased 0.5 million shares of its common stock for $9.9 million. Through September 30, 2014, the Company had repurchased 12.9 million shares of its stock for $202.4 million, leaving remaining capacity of $47.6 million under the stock repurchase program.

Accumulated Other Comprehensive Income

The accumulated balances for each component of other comprehensive income are as follows (dollars in thousands):

	September 30, 2014		March 31, 2014
Foreign currency translation	$	11,793	$	13,686
Unrealized gain/(loss) on interest rate swap	63		(24		)
	$	11,856	$	13,662

Noncontrolling Interest

During fiscal year 2011, the Company acquired a 70% interest in GoDigital (Acxiom Brazil), a data quality and precision marketing firm located in Brazil. Since Acxiom had voting control of the entity, its results were included in Acxiom’s consolidated results. The interest that was not Acxiom-owned was reflected as noncontrolling interest in the condensed consolidated statement of operations and the condensed consolidated balance sheets. During fiscal 2014, the Company acquired the balance of the outstanding equity interests it did not already own in Acxiom Brazil and, as a result, the subsidiary is now wholly-owned.