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EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:
3 Months Ended
Jun. 30, 2015
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:  
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY:

 

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
June 30

 

 

 

2015

 

2014

 

Basic earnings (loss) per share:

 

 

 

 

 

Net loss from continuing operations

 

$

(5,182

)

$

(10,741

)

Net earnings from discontinued operations

 

4,143

 

3,137

 

 

 

 

 

 

 

Net loss

 

$

(1,039

)

$

(7,604

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

77,918

 

76,833

 

 

 

 

 

 

 

Basic earnings (loss) per share:

 

 

 

 

 

Continuing operations

 

$

(0.07

)

$

(0.14

)

Discontinued operations

 

$

0.05

 

$

0.04

 

 

 

 

 

 

 

 

 

Net loss

 

$

(0.01

)

$

(0.10

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

 

 

 

 

Basic weighted-average shares outstanding

 

77,918

 

76,833

 

Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method

 

 

 

 

 

 

 

 

 

Diluted weighted-average shares outstanding

 

77,918

 

76,833

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

 

 

 

 

Continuing operations

 

$

(0.07

)

$

(0.14

)

Discontinued operations

 

$

0.05

 

$

0.04

 

 

 

 

 

 

 

 

 

Net loss

 

$

(0.01

)

$

(0.10

)

 

 

 

 

 

 

 

 

 

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

 

Due to the net loss from continuing operations incurred by the Company during the quarters ended June 30, 2015 and 2014, the dilutive effect of options, warrants and restricted stock units covering 1.4 million and 1.5 million shares of common stock, respectively, was excluded from the diluted earnings (loss) per share calculations since the impact on the calculations was anti-dilutive.

 

Additional options and warrants to purchase shares of common stock and restricted stock units, including performance-based restricted stock units not meeting performance criteria, that were outstanding during the periods presented but were not included in the computation of diluted earnings (loss) per share because the effect was anti-dilutive are shown below (in thousands, except per share amounts):

 

 

 

For the quarter ended
June 30

 

 

 

2015

 

2014

 

Number of shares outstanding under options, warrants and restricted stock units

 

2,029

 

1,872

 

 

 

 

 

 

 

Range of exercise prices for options and warrants

 

$2.58-$62.06

 

$21.17-$62.06

 

 

 

 

 

 

 

 

Stockholders’ Equity

 

On August 29, 2011, the board of directors adopted a common stock repurchase program.  That program was subsequently modified and expanded, most recently on May 19, 2015.  Under the modified common stock repurchase program, the Company may purchase up to $300.0 million of its common stock through the period ending December 31, 2016. During the three months ended June 30, 2015, the Company repurchased 0.8 million shares of its common stock for $15.0 million.  Through June 30, 2015, the Company had repurchased 13.7 million shares of its stock for $217.4 million, leaving remaining capacity of $82.6 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):

 

 

 

June 30,
2015

 

March 31,
2015

 

Foreign currency translation

 

$

10,329

 

$

9,612

 

Unrealized loss on interest rate swap

 

(187

)

(199

)

 

 

 

 

 

 

 

 

$

10,142

 

$

9,413