XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
NET LOSS PER SHARE
 6 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
NET LOSS PER SHARE
Calculations of the basic and diluted net loss per share and potential common shares are as follows (in thousands, except for per share data):

Three Months Ended

Six Months Ended
 
September 30,

September 30,
 
2017

2016

2017

2016
Numerator:







Net loss
$
(2,468
)
 
$
(1,266
)
 
$
(26,690
)
 
$
(10,264
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic net loss per share - weighted average common shares outstanding
88,589

 
91,919

 
89,878

 
92,628

Dilutive common equivalent shares:
 
 
 
 
 
 
 
      Weighted average restricted stock units
—

 
—

 
—

 
—

Denominator for diluted net loss per share - weighted average shares outstanding
88,589

 
91,919

 
89,878

 
92,628

Net loss per share:
 
 
 
 
 
 
 
Basic net loss per share
$
(0.03
)
 
$
(0.01
)
 
$
(0.30
)
 
$
(0.11
)
Diluted net loss per share
$
(0.03
)
 
$
(0.01
)
 
$
(0.30
)
 
$
(0.11
)

The following table sets forth restricted stock units excluded from the calculation of diluted net loss per share, since their inclusion would be anti-dilutive (in thousands):

Three Months Ended

Six Months Ended
 
September 30,

September 30,
 
2017

2016

2017

2016
Restricted stock units
936

 
709

 
1,102

 
797


Basic net loss per share is calculated by dividing net loss by the weighted average number of shares outstanding during the period. Unvested restricted shares, although legally issued and outstanding, are not considered outstanding for purposes of calculating basic earnings per share. Diluted net loss per share is calculated by dividing net loss by the weighted average number of shares outstanding plus the dilutive effect, if any, of outstanding stock options, restricted shares and restricted stock units using the treasury stock method. The calculation of the dilutive effect of outstanding equity awards under the treasury stock method includes consideration of proceeds from the assumed exercise of stock options and unrecognized compensation expense as additional proceeds. As we incurred a net loss in the three and six months ended September 30, 2017 and 2016, all outstanding restricted stock units have an anti-dilutive effect and are therefore excluded from the computation of diluted weighted average shares outstanding.