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2. NET INCOME (LOSS) PER COMMON SHARE (Tables)
9 Months Ended
Dec. 31, 2016
NET INCOME (LOSS) PER COMMON SHARE  
Basic and diluted net loss per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31,

 

Nine Months Ended December 31,

 

 

 

2016

 

2015

 

2016

 

2015

    

 

 

(In thousands, except per share amounts)

 

Net income (loss)

   

$

348

    

$

(819)

    

$

1,234

    

$

(2,083)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares—Basic

 

 

20,300

 

 

22,612

 

 

20,707

 

 

22,743

 

Dilutive effect of employee stock options

 

 

795

 

 

 —

 

 

530

 

 

 —

 

Dilutive effect of employee stock purchase plan options

 

 

2

 

 

 —

 

 

2

 

 

 —

 

Weighted average shares—Dilutive

 

 

21,097

 

 

22,612

 

 

21,239

 

 

22,743

 

Net income (loss) per common share—Basic

 

$

0.02

 

$

(0.04)

 

$

0.06

 

$

(0.09)

 

Net income (loss) per common share—Diluted

 

$

0.02

 

$

(0.04)

 

$

0.06

 

$

(0.09)

 

 

Anti-dilutive shares

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended December 31,

 

Nine Months Ended December 31,

 

 

 

2016

 

2015

 

2016

 

2015

    

 

 

(In thousands)

 

Shares underlying options

   

4,621

 

5,887

 

5,247

 

5,282