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Shares
12 Months Ended
Mar. 31, 2012
Shares [Abstract]  
Shares

18. Shares

a) Common shares

Authorized:

Unlimited number of voting common shares

Unlimited number of non-voting common shares

Issued and outstanding:

 

                     
     Number of
Shares
        Amount  

Voting common shares

                   

Issued and outstanding at March 31, 2009

    36,038,476           $303,431  

Issued upon exercise of stock options

    10,800           53  

Transferred from additional paid-in capital on exercise of stock options

              21  

Issued and outstanding at March 31, 2010

    36,049,276           $303,505  

Issued upon exercise of stock options

    193,250           963  

Transferred from additional paid-in capital on exercise of stock options

              386  

Issued and outstanding at March 31, 2011

    36,242,526           $304,854  

Issued upon exercise of stock options

    8,480           35  

Transferred from additional paid-in capital on exercise of stock options

              19  

Issued and outstanding at March 31, 2012

    36,251,006           $304,908  

b) Net (loss) income per share

 

                                 
     2012         2011         2010  

Year ended March 31,

                               

Net (loss) income available to common shareholders

    $(21,122         $(34,709         $28,219  

Weighted average number of common shares

    36,249,082           36,119,356           36,040,857  

Basic net (loss) income per share

    $(0.58         $(0.96         $0.78  
           
     2012         2011         2010  

Year ended March 31,

                               

Net (loss) income available to common shareholders

    $(21,122         $(34,709         $28,219  

Weighted average number of common shares

    36,249,082           36,119,356           36,040,857  

Dilutive effect of stock options, deferred performance share units and stock award plan

                        680,169  

Weighted average number of diluted common shares

    36,249,082           36,119,356           36,721,026  

Diluted net (loss) income per share

    $(0.58         $(0.96         $0.77  

For the year ended March 31, 2012, there were 1,834,794 and 50,000 stock options and stock awards, respectively, which were anti-dilutive (March 31, 2011 – 1,647,474, 75,591 and 150,000 stock options, deferred performance share units and stock awards, respectively; March 31, 2010 – 820,641 and 57,311 stock options and deferred performance share units, respectively) and therefore were not considered in computing diluted earnings per share.