(Loss) Earnings Per Share

6 Months Ended

Sep. 30, 2011

(Loss) Earnings Per Share [Abstract]

(Loss) Earnings Per Share

Note 18 — (Loss) Earnings Per Share

The following table sets forth the computation of basic and diluted (loss) earnings per share (in thousands, except per share data):

	Three Months Ended					Six Months Ended
	September 30,					September 30,
	2011			2010		2011			2010
Numerator:
Net (loss) income from continuing operations	$	(1,249	)	$	1,457	$	(1,876	)	$	1,660
Income from discontinued operations, net		—			1,680		—			2,575
Net (loss) income	$	(1,249	)	$	3,137	$	(1,876	)	$	4,235
Denominator:
Denominator for basic (loss) earnings per share—weighted-average shares		36,831			36,376		36,719			36,371
Dilutive securities: Employee stock options, restricted stock and warrants		—			619		—			515
Denominator for diluted (loss) earnings per share—adjusted weighted-average shares		36,831			36,995		36,719			36,886
Basic (loss) earnings per common share:
Continuing operations	$	(0.03	)	$	0.04	$	(0.05	)	$	0.05
Discontinued operations		—			0.05		—			0.07
Net (loss) income	$	(0.03	)	$	0.09	$	(0.05	)	$	0.12
Diluted (loss) earnings per common share:
Continuing operations	$	(0.03	)	$	0.04	$	(0.05	)	$	0.04
Discontinued operations		—			0.05		—			0.07
Net (loss) income	$	(0.03	)	$	0.09	$	(0.05	)	$	0.11

Approximately 2.4 million and 2.9 million of the Company’s stock options and non-vested restricted stock were excluded from the calculation of diluted earnings per share for the three and six months ended September 30, 2011, respectively, and 2.3 million and 2.6 million stock options and non-vested restricted stock were excluded from the calculation of diluted earnings per share for the three and six months ended September 30, 2010, respectively, because the exercise prices of such stock options and the grant-date fair value of such restricted stock were greater than the average price of the Company’s common stock and therefore their inclusion would have been anti-dilutive.

Approximately 1.6 million warrants were also excluded from the calculation of diluted earnings per share for both the three and six months ended September 30, 2010 because the exercise prices of such warrants was greater than the average price of the Company’s common stock and therefore their inclusion would have been anti-dilutive. The warrants expired on September 21, 2011 without any exercises.