Note 13 - Net Income (Loss) Per Share

9 Months Ended

Dec. 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						Nine Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Net income (loss) attributable to Exar Corporation	$	(6,599	)	$	(1,634	)	$	(42,056	)	$	5,654
Shares used in computation of net income (loss) per share:
Basic		47,119			47,529			47,165			47,277
Effect of options and awards		─			─			─			1,538
Diluted		47,119			47,529			47,165			48,815
Net income (loss) per share
Basic	$	(0.14	)	$	(0.03	)	$	(0.89	)	$	0.12
Diluted	$	(0.14	)	$	(0.03	)	$	(0.89	)	$	0.12

All outstanding stock options and RSUs are potentially dilutive securities. In the three months and nine months ended December 28, 2014 and the three months ended December 29, 2013, all outstanding stock options and RSUs were excluded from the computation of diluted net loss per share as inclusion of such shares would have an anti-dilutive effect. In the nine months ended December 29, 2013, 1.1 million shares were excluded from the computation of diluted net income per share because they were determined to be anti-dilutive.