2. EARNINGS PER SHARE AND STOCKHOLDERS’ EQUITY:

Earnings Per Share

A reconciliation of the numerator and denominator of basic and diluted earnings per share is shown below (in thousands, except per share amounts):

	For the quarter ended December 31					For the nine months ended December 31
	2013		2012			2013			2012
Basic earnings per share:
Net earnings	$	15,067	$	14,449		$	38,026		$	44,020
Net gain (loss) attributable to noncontrolling interest	—		(76		)	(60		)	(349		)
Net earnings attributable to Acxiom	$	15,067	$	14,525		$	38,086		$	44,369

Basic weighted-average shares outstanding	75,009		74,103			74,155			75,195

Basic earnings per share:
Net earnings	$	0.20	$	0.19		$	0.51		$	0.59
Net loss attributable to noncontrolling interest	—		—			—			—
Net earnings attributable to Acxiom	$	0.20	$	0.20		$	0.51		$	0.59

Diluted earnings per share:
Basic weighted-average shares outstanding	75,009		74,103			74,155			75,195
Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method	2,830		1,775			2,301			1,792
Diluted weighted-average shares outstanding	77,839		75,878			76,456			76,987

Diluted earnings per share:
Net earnings	$	0.19	$	0.19		$	0.50		$	0.57
Net loss attributable to noncontrolling interest	—		—			—			—
Net earnings attributable to Acxiom	$	0.19	$	0.19		$	0.50		$	0.58

Some earnings per share amounts may not add due to rounding.

As of December 31, 2013, the Company had options and warrants outstanding providing for the purchase of approximately 6.4 million shares of common stock together with restricted stock units relating to 2.2 million shares of stock. Options, warrants and restricted stock units that were outstanding during the periods presented, but were not included in the computation of diluted earnings per share because the effect was antidilutive are shown below (in thousands, except per share amounts):

	For the quarter ended December 31		For the nine months ended December 31
	2013	2012	2013	2012
Number of shares outstanding under options, warrants and restricted stock units	549	4,752	1,400	7,872
Range of exercise prices for options and warrants	$32.85-$62.06	$17.76-$62.06	$21.46-$62.06	$13.10-$62.06

Stockholders’ Equity

On August 29, 2011, the board of directors adopted a common stock repurchase program. That program was subsequently modified and expanded on December 5, 2011, on May 24, 2012, on February 5, 2013, and again on November 18, 2013. Under the modified common stock repurchase program, the Company may purchase up to $250.0 million worth of its common stock through the period ending November 18, 2014. During the nine months ended December 31, 2013, the Company repurchased 2.0 million shares of its common stock for $52.7 million. Through December 31, 2013, the Company had repurchased 12.3 million shares of its stock for $192.6 million, leaving remaining capacity of $57.4 million under the stock repurchase program.

Accumulated Other Comprehensive Income

The accumulated balances for each component of other comprehensive income are as follows (dollars in thousands):

	December 31, 2013		March 31, 2013
Foreign currency translation	$	13,197	$	12,175
Unrealized loss on interest rate swap	—		(752		)
	$	13,197	$	11,423

Noncontrolling Interest

During fiscal year 2011, the Company acquired a 70% interest in GoDigital (Acxiom Brazil), a data quality and precision marketing firm located in Brazil. Since Acxiom had voting control of the entity, its results were included in Acxiom’s consolidated results. The interest that was not Acxiom-owned was reflected as noncontrolling interest in the condensed consolidated statement of operations and the condensed consolidated balance sheets. During the quarter ended December 31, 2013, the Company acquired the balance of the outstanding equity interests it didn’t already own in Acxiom Brazil for $0.6 million. As a result, the subsidiary is now wholly-owned and the Company reduced its $0.4 million carrying value of the noncontrolling interest to zero and adjusted its equity investment in Acxiom Brazil by $1.0 million in additional paid-in capital in the condensed consolidated balance sheet.