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Earnings Per Share
3 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

13. Earnings per Share

The dual presentation of “basic” and “diluted” earnings per share is provided below. Share amounts below are in thousands.

 

 

 

Three Months Ended June 30,

 

 

 

2020

 

 

2019

 

Earnings per share — Basic:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(824

)

 

$

1,244

 

Weighted-average shares outstanding — Basic

 

 

66,296

 

 

 

65,015

 

Net income (loss) per common share — Basic

 

$

(0.01

)

 

$

0.02

 

 

 

 

 

 

 

 

 

 

Earnings per share — Diluted:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(824

)

 

$

1,244

 

Weighted-average shares outstanding

 

 

66,296

 

 

 

65,015

 

Effect of potentially dilutive securities

 

 

 

 

 

338

 

Weighted-average shares outstanding — Diluted

 

 

66,296

 

 

 

65,353

 

Net income (loss) per common share — Diluted

 

$

(0.01

)

 

$

0.02

 

 

The computation of diluted net income (loss) per share does not include 2,979 and 639 options to acquire shares of common stock for the three months ended June 30, 2020 and 2019, respectively, because their inclusion would have an anti-dilutive effect on net income (loss) per share.