Net (Loss) Income Per Share

9 Months Ended

Oct. 31, 2014

Earnings Per Share [Abstract]

Net (Loss) Income Per Share

12. Net (Loss) Income Per Share

Net (loss) income per share is presented in accordance with authoritative guidance which requires the presentation of “basic” and “diluted” earnings per share. Basic net (loss) income per share is computed by dividing earnings available to common shareholders by the weighted-average shares of common stock outstanding during the period. For the purposes of calculating diluted earnings per share, the denominator includes both the weighted average number of shares of common stock outstanding during the period and the weighted average number of shares of potential dilutive shares of common stock, such as stock options and RSUs, calculated using the treasury stock method. Basic and diluted net (loss) income per share was the same for three and nine months ended October 31, 2014 and for the nine months ended October 31, 2013 as the impact of potential dilutive shares outstanding was anti-dilutive.

The following table sets forth our computation of basic and diluted net (loss) income per common share (amounts in thousands, except per share amounts):

	Three Months Ended						Nine Months Ended
	October 31,						October 31,
	2014			2013			2014			2013
Net (loss) income from continuing operations	$	(6,195	)	$	798		$	(21,349	)	$	(879	)
Net (loss) income from discontinued operations		(114	)		(221	)		5			(744	)
Net (loss) income	$	(6,309	)	$	577		$	(21,344	)	$	(1,623	)
Weighted average shares used in computing net (loss) income per share - basic		32,628			32,813			32,805			32,636
Effect of dilutive shares:
Stock options		—			376			—			—
Restricted stock units		—			406			—			—
Dilutive potential common shares		—			782			—			—
Weighted average shares used in computing net (loss) income per share - diluted		32,628			33,595			32,805			32,636
Net (loss) income per share - basic:
(Loss) income from continuing operations	$	(0.19	)	$	0.02		$	(0.65	)	$	(0.03	)
(Loss) income from discontinued operations		(0.00	)		(0.00	)		0.00			(0.02	)
Net (loss) income per share - basic	$	(0.19	)	$	0.02		$	(0.65	)	$	(0.05	)
Net (loss) income per share - diluted:
(Loss) income from continuing operations	$	(0.19	)	$	0.02		$	(0.65	)	$	(0.03	)
(Loss) income from discontinued operations		(0.00	)		(0.00	)		0.00			(0.02	)
Net (loss) income per share - diluted	$	(0.19	)	$	0.02		$	(0.65	)	$	(0.05	)

The number of common shares used in the computation of diluted net (loss) income per share for the three and nine months ended October 31, 2014 and 2013 does not include the effect of the following potentially outstanding common shares because the effect would have been anti-dilutive (amounts in thousands):

	Three Months Ended				Nine Months Ended
	October 31,				Occtober 31,
	2014		2013		2014		2013
Stock options		1,007		557		318		942
Restricted stock units		263		2		212		484
Total		1,270		559		530		1,426