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NET INCOME PER SHARE - Note 11 | 12 Months Ended
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Mar. 31, 2015
Notes to Financial Statements |
NET INCOME PER SHARE - Note 11 | 11. NET INCOME PER SHARE The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net income per share (in thousands, except share and per share data):
|  |  | Years Ended March 31,
|  |  | 2015 |  |  | 2014 |  |  | 2013
|  |  | (In Thousands, Except Per Share Amounts)
Numerator: |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 1,926 |  | $ | 1,598 |  | $ | 13,450
Income from discontinued operations, net |  |  |  |  |  |  |  |  |
of income tax provision |  |  | - |  |  | 916 |  |  | 489
Net income available to common stockholders |  | $ | 1,926 |  | $ | 2,514 |  | $ | 13,939
Denominator: |  |  |  |  |  |  |  |  |
Common shares |  |  | 89,071 |  |  | 78,310 |  |  | 71,390
Denominator for basic calculation |  |  | 89,071 |  |  | 78,310 |  |  | 71,390
Employee stock options |  |  | 2,088 |  |  | 2,927 |  |  | 2,958
Employee restricted purchase rights |  |  | 493 |  |  | 421 |  |  | 352
Denominator for diluted calculation |  |  | 91,652 |  |  | 81,658 |  |  | 74,700
Income per share - continuing operations: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.02 |  | $ | 0.02 |  | $ | 0.19
Diluted |  | $ | 0.02 |  | $ | 0.02 |  | $ | 0.18
Income per share - discontinued operations: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.00 |  | $ | 0.01 |  | $ | 0.01
Diluted |  | $ | 0.00 |  | $ | 0.01 |  | $ | 0.01
Net income per share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.02 |  | $ | 0.03 |  | $ | 0.20
Diluted |  | $ | 0.02 |  | $ | 0.03 |  | $ | 0.19
The following shares attributable to outstanding stock options and restricted stock purchase rights were excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive (in thousands):
|  |  | Years Ended March 31,
|  |  | 2015 |  |  | 2014 |  |  | 2013
Common stock options |  |  | 1,812 |  |  | 750 |  |  | 953
Stock purchase rights |  |  | 57 |  |  | 18 |  |  | 16
|  |  | 1,869 |  |  | 768 |  |  | 969

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