Note 13 - Net Income (Loss) Per Share

6 Months Ended

Sep. 28, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 13. NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share excludes dilution and is computed by dividing net income (loss) attributable to Exar by the weighted average number of common shares outstanding for the applicable period. Diluted earnings per share reflects the potential dilution that would occur if outstanding stock options to purchase common stock were exercised for common stock, using the treasury stock method, and the common stock underlying outstanding RSUs was issued.

The following table summarizes our net income (loss) per share for the periods indicated below (in thousands, except per share amounts):

	Three Months Ended					Six Months Ended
	September 28, 2014			September 29, 2013		September 28, 2014			September 29, 2013
Net income (loss) attributable to Exar Corporation	$	(23,352	)	$	6,482	$	(35,457	)	$	7,288
Shares used in computation of net income (loss) per share:
Basic		47,139			47,496		47,188			47,151
Effect of options and awards	─				1,654	─				1,496
Diluted		47,139			49,150		47,188			48,647
Net income (loss) per share
Basic	$	(0.50	)	$	0.14	$	(0.75	)	$	0.15
Diluted	$	(0.50	)	$	0.13	$	(0.75	)	$	0.15

All outstanding stock options and RSUs are potentially dilutive securities. As of September 28, 2014, all outstanding stock options and RSUs were excluded from the computation of diluted net income per share because they were determined to be anti-dilutive. In the three and six months ended September 29, 2013, approximately 1.1 million shares and 0.8 million shares were excluded from the computation of diluted net income per share because they were determined to be anti-dilutive.