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Income/Loss Per Share
12 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Income/Loss Per Share
Income/Loss Per Share
Basic earnings per share calculation is based on the weighted-average number of common shares outstanding. Diluted earnings per share calculation is based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive shares of common stock include stock options and Platinum Warrant.
The following table presents the basic and diluted weighted-average number of shares of common stock (amounts in thousands, except per share data):
 
 
Fiscal Years Ended March 31,
 
 
2014
 
2013
 
2012
Numerator
 
 
 
 
 
 
Loss from continuing operations
 
$
(64,869
)
 
$
(78,512
)
 
$
(2,350
)
Income (loss) from discontinued operations
 
(3,634
)
 
(3,670
)
 
9,042

Net income (loss)
 
$
(68,503
)
 
$
(82,182
)
 
$
6,692

Denominator:
 
 
 
 
 
 
Weighted-average common shares outstanding:
 
 

 
 

 
 

Basic
 
45,102

 
44,897

 
43,285

Assumed conversion of employee stock options
 

 

 
281

Assumed conversion of Platinum Warrant
 

 

 
8,754

Weighted-average shares outstanding (diluted)
 
45,102

 
44,897

 
52,320

Net income (loss) per basic share:
 
 
 
 
 
 
Loss from continuing operations
 
$
(1.44
)
 
$
(1.75
)
 
$
(0.05
)
Income (loss) from discontinued operations
 
$
(0.08
)
 
$
(0.08
)
 
$
0.21

Net income (loss)
 
$
(1.52
)
 
$
(1.83
)
 
$
0.16

Net income (loss) per diluted share:
 
 
 
 
 
 
Loss from continuing operations
 
$
(1.44
)
 
$
(1.75
)
 
$
(0.04
)
Income (loss) from discontinued operations
 
$
(0.08
)
 
$
(0.08
)
 
$
0.17

Net income (loss)
 
$
(1.52
)
 
$
(1.83
)
 
$
0.13

Common stock equivalents that could potentially dilute net income per basic share in the future, but were not included in the computation of diluted earnings per share because the impact would have been antidilutive, were as follows (amounts in thousands):
 
 
Fiscal Years Ended
March 31,
 
 
2014
 
2013
 
2012
Assumed conversion of employee stock options
 
1,761

 
1,996

 
860

Assumed conversion of Platinum Warrant
 
6,704

 
6,836