NET INCOME PER SHARE - Note 5

9 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NET INCOME PER SHARE - Note 5

5. NET INCOME PER SHARE

Basic net income per share is computed by dividing net income available to common stockholders (numerator) by the weighted average number of vested, unrestricted common shares outstanding during the period (denominator). Diluted net income per share is computed on the basis of the weighted average number of shares of common stock outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include shares issuable upon exercise of outstanding stock options and warrants and under the employee stock purchase plan.

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2012		2011		2012		2011
		(in thousands, except per share amounts)				(in thousands, except per share amounts)
Numerator:
Net income available to common stockholders	$	1,920	$	2,586	$	12,278	$	5,365
Denominator:
Common shares		71,611		69,445		71,197		65,165
Denominator for basic calculation		71,611		69,445		71,197		65,165
Employee stock options		3,023		3,364		2,947		3,413
Stock purchase rights		336		385		339		409
Employee stock purchase plan		18		20		-		26
Denominator for diluted calculation		74,988		73,214		74,483		69,013
Net income per share
Basic	$	0.03	$	0.04	$	0.17	$	0.08
Diluted	$	0.03	$	0.04	$	0.16	$	0.08

The following shares attributable to outstanding stock options and stock purchase rights/restricted stock units were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive (in thousands):

	Three Months Ended		Nine Months Ended
	December 31,		December 31,
	2012	2011	2012	2011
Employee stock options and awards	885	604	878	637
	885	604	878	637