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Computation of Net Loss per Common Share
 3 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Computation of Net Loss per Common Share
Computation of Net Loss per Common Share
Basic net loss per share (“EPS”) is computed by dividing net loss by the weighted-average number of common shares outstanding for the period. Where applicable, diluted EPS is computed by dividing the net loss by the weighted-average number of common shares and dilutive common equivalent shares outstanding during the period, calculated using the treasury stock method. Common equivalent shares include the effect of restricted stock, exercise of stock options and warrants and contingently issuable shares. For each of the three months ended June 30, 2016 and 2015, 1.6 million shares were not included in the calculation of diluted EPS as they were considered anti-dilutive, of which 0.4 million relate to outstanding stock options, and 1.2 million relate to outstanding warrants, respectively.
The following table reconciles the numerators and denominators of the earnings per share calculation for the three months ended June 30, 2016 and 2015 (in thousands, except per share data):
 
Three months ended June 30,
 
2016
 
2015
Numerator:
 
 
 
Net loss
(10,355
)
 
(9,121
)
Denominator:
 
 
 
Weighted-average shares of common stock outstanding
14,132

 
12,312

Weighted-average shares subject to repurchase
(456
)
 
(201
)
Shares used in per-share calculation ― basic
13,676

 
12,111

Shares used in per-share calculation ― diluted
13,676

 
12,111

Net loss per share ― basic
(0.76
)
 
(0.75
)
Net loss per share ― diluted
(0.76
)
 
(0.75
)