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Computation Of Net (Loss) Income Per Common Share
 9 Months Ended
Dec. 31, 2012
Computation Of Net (Loss) Income Per Common Share [Abstract]  
Computation of Net (Loss) Income Per Common Share

3. Computation of Net (Loss) Income per Common Share

Basic net (loss) income per share (“EPS”) is computed by dividing net (loss) income by the weighted-average number of common shares outstanding for the period. Where applicable, diluted EPS is computed by dividing the net (loss) income 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, shares issuable on conversion of debt and contingently issuable shares. For both the three and nine months ended December 31, 2012, 11.8 million shares were not included in the calculation of diluted EPS as they were considered anti-dilutive, of which 2.9 million shares relate to outstanding stock options, 3.2 million shares relate to the issuance of warrants, and 5.7 million shares relate to the convertible feature of the Company’s Exchanged Note. For both the three and nine months ended December 31, 2011, 2.4 million shares of common stock underlying outstanding stock options were not included in the calculation of diluted EPS as they were considered anti-dilutive.

The following table reconciles the numerators and denominators of the earnings per share calculation for the three and nine months ended December 31, 2012 and 2011 (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

Nine months ended

 

 

December 31,

 

 

December 31,

 

 

2012

 

2011

 

 

2012

 

2011

Numerator:

 

 

 

 

 

 

 

 

 

  Net loss

$
(20,135)

$
(26,271)

 

$
(46,360)

$
(115,660)

Denominator:

 

 

 

 

 

 

 

 

 

  Weighted-average shares of common stock outstanding

 
53,745 

 
51,459 

 

 
52,558 

 
51,120 

  Weighted-average shares subject to repurchase

 
(953)

 
(526)

 

 
(592)

 
(331)

Shares used in per-share calculation ― basic

 
52,792 

 
50,933 

 

 
51,966 

 
50,789 

 

 

 

 

 

 

 

 

 

 

Shares used in per-share calculation ― diluted

 
52,792 

 
50,933 

 

 
51,966 

 
50,789 

 

 

 

 

 

 

 

 

 

 

Net loss per share ― basic

$
(0.38)

$
(0.52)

 

$
(0.89)

$
(2.28)

Net loss per share ― diluted

$
(0.38)

$
(0.52)

 

$
(0.89)

$
(2.28)