Net Loss per Share

3 Months Ended

Jun. 30, 2016

Basic net loss per share represents net loss divided by the weighted-average number of common shares outstanding for the period. Diluted net loss per share represents net loss divided by the weighted-average number of common shares outstanding, including the dilutive impact of potential issuances of common stock. The reconciliations of basic to diluted weighted-average common shares outstanding were as follows:



	Three Months Ended June 30,
	2016	2015
Weighted-average shares used in basic computation	32,024,000	33,117,000
Dilutive effect of stock-based awards*	—	—
Weighted-average shares used in diluted computation	32,024,000	33,117,000

*Excluded annual RSUs	267,000	487,000
*Excluded long-term incentive plan RSUs	396,000	487,000
*Excluded non-employee director restricted stock awards (RSAs)	10,000	8,000
*Excluded stock appreciation rights (SARs)	600,000	700,000

*For the three months ended June 30, 2016 and 2015, the Company excluded all RSUs, RSAs and SARs from the diluted net loss per share computation because they were antidilutive due to the net loss during the period.