NET INCOME (LOSS) PER SHARE - Note 9

9 Months Ended

Dec. 31, 2016

Notes to Financial Statements

NET INCOME (LOSS) PER SHARE - Note 9

9. NET INCOME (LOSS) PER SHARE

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net loss per share (in thousands, except share and per share data):

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2016		2015		2016		2015
Numerator:
Net loss available to common stockholders	$	(1,325)	$	(1,680)	$	(1,826)	$	(4,044)
Denominator:
Common shares used in basic and diluted calculation		90,774		88,289		90,062		88,812
Basic and diluted net loss per share	$	(0.01)	$	(0.02)	$	(0.02)	$	(0.05)

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

	Three Months Ended		Nine Months Ended
	December 31,		December 31,
	2016	2015	2016	2015
Employee stock options	368	1,232	243	2,539
Stock purchase rights	352	-	653	55
Total anti-dilutive employee stock-based securities	720	1,232	896	2,594