Computation of Earnings per Common Share

6 Months Ended

Sep. 30, 2014

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 September 30,						Six Months Ended September 30,
	2014			2013			2014			2013
Amounts attributable to Compuware common shareholders
Income from continuing operations	$	8,377		$	7,974		$	7,021		$	12,236
Loss attributable to non-controlling interests		(774	)		(1,154	)		(2,182	)		(1,154	)
Income from continuing operations, net of tax		9,151			9,128			9,203			13,390
Income from discontinued operations, net of tax		-			7,212			-			12,917
Net income attributable to Compuware Corporation common shareholders	$	9,151		$	16,340		$	9,203		$	26,307
Basic earnings per share:
Continuing operations		0.04			0.04			0.04			0.06
Discontinued operations		-			0.03			-			0.06
Basic earnings per share	$	0.04		$	0.07		$	0.04		$	0.12
Weighted-average common shares outstanding		220,285			214,926			219,978			214,287
Diluted earnings per share:
Continuing operations		0.04			0.04			0.04			0.06
Discontinued operations		-			0.03			-			0.06
Diluted earnings per share	$	0.04		$	0.07		$	0.04		$	0.12
Weighted-average common shares outstanding		220,285			214,926			219,978			214,287
Dilutive effect of stock awards		3,385			5,503			3,511			5,720
Total shares		223,670			220,429			223,489			220,007

During the three months ended September 30, 2014 and 2013, stock awards to purchase 6.1 million and 3.3 million shares, respectively, were excluded from the diluted earnings per share calculation because they were anti-dilutive and stock awards to purchase 2.5 million and 5.1 million shares, respectively, were excluded from the calculation because the performance conditions for vesting had not yet been met. During the six months ended September 30, 2014 and 2013, stock awards to purchase 5.2 million and 2.6 million shares, respectively, were excluded from the diluted earnings per share calculation because they were anti-dilutive and stock awards to purchase 2.5 million and 5.2 million shares, respectively, were excluded from the calculation because the performance conditions for vesting had not yet been met. See note 6 for a discussion of options with performance conditions and performance based stock awards.