Net Income / (Loss) Per Share

6 Months Ended

Sep. 30, 2020

Basic net income / (loss) per share is calculated by dividing net income / (loss) by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee stock-based awards in periods where the Company had net losses. Because the Company was in a net loss position for the three and six months ended September 30, 2019, all potentially dilutive shares of common stock were determined to be anti-dilutive and, accordingly, were not included in the calculation of diluted net loss per share.

The following table sets forth the computation of net income / (loss) from continuing operations, net of taxes, per share of common stock (in thousands, except per share amounts):


	Three months ended September 30,				Six months ended September 30,
	2020		2019		2020		2019
Income / (loss) from continuing operations, net of taxes	$	373	$	(1,337)	$	10,313	$	(3,008)
Weighted-average common shares outstanding, basic	88,035		83,909		87,712		82,860
Basic net income / (loss) per common share	$	—	$	(0.02)	$	0.11	$	(0.04)
Weighted-average common shares outstanding, diluted	96,057		83,909		94,988		82,860
Diluted net income / (loss) per common share	—		(0.02)		0.11		(0.04)
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive	—		6,893		—		6,170