(Loss) Income Per Share

12 Months Ended

Mar. 31, 2023

(LOSS) INCOME PER SHARE

The weighted average numbers of shares outstanding used to compute (loss) income per share amounts were as follows (in thousands):


	Year Ended March 31,
	2023	2022
Shares used for basic per share calculations	31,585	31,029
Dilutive effect of outstanding options, RSUs, and PSUs	—	—
Shares used for diluted per share calculations	31,585	31,029

The weighted average numbers of shares outstanding listed in the table below were dilutive and are excluded from the computation of diluted per share when there is a loss from continuing operations, as such, the exercise or

conversion of any potential shares would increase the number of shares in the denominator and results in a lower income (loss).

These shares may be dilutive potential common shares in the future (in thousands):


	Year Ended March 31,
	2023	2022
Stock options	38	463
RSUs	161	885
PSUs	4	—
Total potential dilutive shares excluded due to net loss	203	1,348

The weighted average numbers of shares outstanding listed in the table below were anti-dilutive and excluded from the computation of diluted income (loss) per share. In the case of RSUs, this is because unrecognized compensation expense exceeds the current value of the awards (i.e., grant date market value was higher than current average market price). In the case of stock options, this is because the average market price did not exceed the exercise price.

These shares may be anti-dilutive potential common shares in the future (in thousands):


	Year Ended March 31,
	2023	2022
Stock options	579	2

RSUs	987	336
Total anti-dilutive shares excluded	1,566	338