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NET INCOME (LOSS) PER SHARE - Note 9
 6 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
NET INCOME (LOSS) PER SHARE - Note 9

9. NET INCOME (LOSS) PER SHARE

 

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net income (loss) per share (in thousands, except share and per share data):

      Three Months Ended     Six Months Ended
      September 30,     September 30,
      2016     2015     2016     2015
Numerator:                        
Net income (loss) available to common stockholders   $ 27    $ (1,892)   $ (501)   $ (2,364)
                         
Denominator:                        
Common shares     89,987      88,557      89,171      88,397 
                         
Denominator for basic calculation     89,987      88,557      89,171      88,397 
Employee stock options      1,717      -      -      - 
Stock purchase rights     1,743      -      -      - 
Denominator for diluted calculation      93,447      88,557      89,171      88,397 
                         
Net income (loss) per share                        
     Basic    $ 0.00    $ (0.02)   $ (0.01)   $ (0.03)
     Diluted    $ 0.00    $ (0.02)   $ (0.01)   $ (0.03)

 

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):

      Three Months Ended     Six Months Ended
      September 30,     September 30,
      2016     2015     2016     2015
Employee stock options     187      2,640      153      2,544 
Stock purchase rights     307      262      154      157 
Total anti-dilutive employee stock-based securities     494      2,902      307      2,701