Computation of Earnings per Common Share

9 Months Ended

Dec. 31, 2013

Computation of Earnings per Common Share [Abstract]

Computation of Earnings per Common Share

Note 5 - Computation of Earnings per Common Share

Earnings per common share data were computed as follows (in thousands, except per share amounts):

	Three Months Ended December 31,				Nine Months Ended December 31,
Basic earnings per share:	2013		2012		2013		2012
Numerator:
Net income attributable to Compuware Corporation	$	25,022	$	25,340	$	51,329	$	46,402
Denominator:
Weighted-average common shares outstanding		216,856		212,836		215,146		215,318
Basic earnings per share	$	0.12	$	0.12	$	0.24	$	0.22
Diluted earnings per share:
Numerator:
Net income attributable to Compuware Corporation	$	25,022	$	25,340	$	51,329	$	46,402
Denominator:
Weighted-average common shares outstanding		216,856		212,836		215,146		215,318
Dilutive effect of stock awards		4,705		4,036		5,530		4,153
Total shares		221,561		216,872		220,676		219,471
Diluted earnings per share	$	0.11	$	0.12	$	0.23	$	0.21

During the three months ended December 31, 2013 and 2012, stock awards to purchase 3.3 million and 7.8 million shares, respectively, were excluded from the diluted earnings per share calculation because they were anti-dilutive and stock awards to purchase 2.9 million and 5.3 million shares, respectively, were excluded from the calculation because the performance conditions for vesting had not yet been met. During the nine months ended December 31, 2013 and 2012, stock awards to purchase 3.0 million and 11.8 million shares, respectively, were excluded from the diluted earnings per share calculation because they were anti-dilutive and stock awards to purchase 3.8 million and 2.8 million shares, respectively, were excluded from the calculation because the performance conditions for vesting had not yet been met. See note 6 of the condensed consolidated financial statements for a discussion of options with performance conditions and performance based stock awards.