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(Loss) Earnings Per Share
 3 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
(Loss) Earnings per Share

The following data shows the amounts used in computing (loss) earnings per share and the effect on income and the weighted average number of shares of dilutive potential common shares.
 
Three months ended
 
June 30,
(In thousands, except per share data)
2014
 
2013
Numerator:
 
 
 
(Loss) income from continuing operations
$
(2,229
)
 
$
789

Income from discontinued operations
—

 
527

Net (loss) income
$
(2,229
)
 
$
1,316

 
 
 
 
Denominator:
 
 
 
Weighted average shares outstanding - basic
22,324

 
22,022

Weighted average shares outstanding - diluted
22,324

 
22,292

 
 
 
 
(Loss) earnings per share - basic:
 
 
 
(Loss) income per share from continuing operations
$
(0.10
)
 
$
0.04

Income per share from discontinued operations
—

 
0.02

Net (loss) income per share
$
(0.10
)
 
$
0.06

 
 
 
 
(Loss) earnings per share - diluted:
 
 
 
(Loss) income per share from continuing operations
$
(0.10
)
 
$
0.04

Income per share from discontinued operations
$
—

 
$
0.02

Net (loss) income per share
$
(0.10
)
 
$
0.06

 
 
 
 
Anti-dilutive stock options, SSARs, restricted shares and performance shares
1,163

 
721



Basic earnings (loss) per share is computed as net income available to common shareholders divided by the weighted average basic shares outstanding. The outstanding shares used to calculate the weighted average basic shares excludes 282,789 and 315,411 of restricted shares and performance shares at June 30, 2014 and 2013, respectively, as these shares were issued but were not vested and, therefore, not considered outstanding for purposes of computing basic earnings per share at the balance sheet dates.

Diluted earnings (loss) per share includes the effect of all potentially dilutive securities on earnings per share. We have stock options, stock-settled appreciation rights (SSARs), unvested restricted shares and unvested performance shares that are potentially dilutive securities. When a loss is reported, the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of share-based compensation awards because doing so would be anti-dilutive. Therefore, for the three months ended June 30, 2014, basic weighted-average shares outstanding were used in calculating the diluted net loss per share.