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3. NET LOSS PER COMMON SHARE

9 Months Ended

Dec. 31, 2020

NET LOSS PER COMMON SHARE

NOTE 3 - NET LOSS PER COMMON SHARE

NOTE 3—NET LOSS PER COMMON SHARE

The Company uses the treasury stock method to calculate the weighted average shares used in computing diluted net loss per share. The following table sets forth the computation of basic and diluted net loss per share:

		Three Months Ended December 31,						Nine Months Ended December 31,
		2020			2019			2020			2019
		(In thousands, except per share amounts)
Net loss		$	(5,216)		$	(4,620)		$	(16,523)		$	(6,513)
Denominators:
Weighted average shares—Basic			23,716			23,096			23,592			22,894
Dilutive effect of employee stock options			—			—			—			—
Dilutive effect of employee stock purchase plan options			—			—			—			—
Weighted average shares—Dilutive			23,716			23,096			23,592			22,894
Net loss per common share—Basic		$	(0.22)		$	(0.20)		$	(0.70)		$	(0.28)
Net loss per common share—Diluted		$	(0.22)		$	(0.20)		$	(0.70)		$	(0.28)

The following shares of common stock underlying outstanding stock options, determined on a weighted average basis, were excluded from the computation of diluted net loss per share as they had an anti-dilutive effect:

		Three Months Ended December 31,				Nine Months Ended December 31,
		2020		2019		2020		2019
		(In thousands)
Shares underlying options and ESPP shares		5,181		4,048		4,856		3,762

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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