NET LOSS PER SHARE

6 Months Ended

Sep. 30, 2020

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,
	2020		2019		2020		2019
Numerator:
Net loss	$	(3,686)	$	(17,472)	$	(21,106)	$	(46,815)
Denominator:
Denominator for basic net loss per share - weighted average common shares outstanding	73,058		75,687		72,682		76,490
Dilutive common equivalent shares:

Weighted average restricted stock units	—		—		—		—
Denominator for diluted net loss per share - weighted average shares outstanding	73,058		75,687		72,682		76,490
Net loss per share:
Basic net loss per share	$	(0.05)	$	(0.23)	$	(0.29)	$	(0.61)
Diluted net loss per share	(0.05)		(0.23)		(0.29)		(0.61)

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,
	2020	2019	2020	2019
Restricted stock units	536	624	839	897

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 the Company incurred a net loss during the three and six months ended September 30, 2020 and 2019, all outstanding restricted stock units have an anti-dilutive effect and are therefore excluded from the computation of diluted weighted average shares outstanding.