Net Income (Loss) Per Share

6 Months Ended

Sep. 30, 2014

Earnings Per Share Reconciliation [Abstract]

Net Income (Loss) Per Share

(15) NET INCOME (LOSS) PER SHARE

The following table summarizes the computations of basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). Basic EPS is computed as net income divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans including stock options, restricted stock, restricted stock units, common stock through our ESPP, warrants, and other convertible securities using the treasury stock method.

	Three Months Ended September 30,					Six Months Ended September 30,
(In millions, except per share amounts)	2014		2013			2014		2013
Net income (loss)	$	3	$	(273	)	$	338	$	(51	)
Shares used to compute net income (loss) per share:
Weighted-average common stock outstanding — basic	313		308			312		306
Dilutive potential common shares related to stock award plans and from assumed exercise of stock options	6		—			8		—
Dilutive potential common shares related to the Notes	3		—			2		—
Weighted-average common stock outstanding — diluted	322		308			322		306
Net income (loss) per share:
Basic	$	0.01	$	(0.89	)	$	1.08	$	(0.17	)
Diluted	$	0.01	$	(0.89	)	$	1.05	$	(0.17	)

For the three and six months ended September 30, 2014, options to purchase, restricted stock units and restricted stock to be released in the amount of 4 million shares were excluded from the treasury stock method computation of diluted shares as their inclusion would have had an antidilutive effect.

As a result of our net loss for the three and six months ended September 30, 2013, we have excluded all outstanding equity-based instruments from the diluted loss per share calculation as their inclusion would have had an antidilutive effect. Had we reported net income for these periods, an additional 8 million shares of common stock would have been included in the number of shares to calculated Diluted EPS for both the three and six months ended September 30, 2013.

For the three and six months ended September 30, 2013, potentially dilutive shares of common stock related to our 0.75% Convertible Senior Notes due 2016 issued during fiscal year 2012, which have a conversion price of $31.74 per share and the associated Warrants, which have a conversion price of $41.14 per share, were excluded from the computation of Diluted EPS as their inclusion would have had an antidilutive effect resulting from the conversion price. The associated Convertible Note Hedge was excluded from the computation of diluted shares as the impact is always considered antidilutive. See Note 12 for additional information related to our 0.75% Convertible Senior Notes due 2016 and related Convertible Note Hedge and Warrants.