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2. NET INCOME (LOSS) PER COMMON SHARE | 6 Months Ended
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Sep. 30, 2014
Net income (loss) per share: |
NOTE 2 - NET INCOME (LOSS) PER COMMON SHARE | NOTE 2—NET INCOME (LOSS) PER COMMON SHARE The Company uses the treasury stock method to calculate the weighted average shares used in computing diluted net income (loss) per share. The following table sets forth the computation of basic and diluted net income (loss) per share:
|  | Three Months Ended September 30, |  | Six Months Ended September 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
|  | (In thousands, except per share amounts)
Net income (loss) |  | $ | (950) |  | $ | 386 |  | $ | (2,396) |  | $ | (55)
Denominators: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares—Basic |  |  | 25,540 |  |  | 27,631 |  |  | 26,512 |  |  | 27,407
Dilutive effect of employee stock options |  |  | — |  |  | 1,331 |  |  | — |  |  | —
Dilutive effect of employee stock purchase plan options |  |  | — |  |  | 13 |  |  | — |  |  | —
Weighted average shares—Dilutive |  |  | 25,540 |  |  | 28,975 |  |  | 26,512 |  |  | 27,407
Net income (loss) per common share—Basic |  | $ | (0.04) |  | $ | 0.01 |  | $ | (0.09) |  | $ | —
Net income (loss) per common share—Diluted |  | $ | (0.04) |  | $ | 0.01 |  | $ | (0.09) |  | $ | —
The following shares of common stock underlying outstanding stock options, determined on a weighted average basis, were excluded from the computation of diluted net income (loss) per share as they had an anti-dilutive effect:
|  | Three Months Ended September 30, |  | Six Months Ended September 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
|  | (In thousands)
Shares underlying options |  | 3,503 |  | 1,558 |  | 3,375 |  | 2,964

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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