Note 10 - Net Income (Loss) Per Share

12 Months Ended

Mar. 29, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 10.    NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share excludes dilution and is computed by dividing net income (loss) 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 or warrants to purchase common stock were exercised for common stock, using the treasury stock method, and the common stock underlying outstanding restricted stock units (“RSUs”) was issued.

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

	March 29, 2015			March 30, 2014		March 31, 2013
Net income (loss) before non-controlling interests	$	(45,007	)	$	5,801	$	2,882
Net income (loss) attributable to non-controlling interests		(37	)		—		—
Net income (loss) attributable to Exar Corporation		(44,970	)		5,801		2,882
Shares used in computation of net income (loss) per share:
Basic		47,253			47,291		45,809
Effect of options and awards		—			1,532		667
Diluted		47,253			48,823		46,476
Net income (loss) per share to common stockholders:
Basic	$	(0.95	)	$	0.12	$	0.06
Diluted	$	(0.95	)	$	0.12	$	0.06

All outstanding stock options and RSUs are potentially dilutive securities. As of March 29, 2015, 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. Accordingly, basic and diluted net loss per share were the same in the period presented. As of March 30, 2014 and March 31, 2013, stock options of 1.4 million and 2.2 million, respectively, were excluded from the computation of diluted net income per share because they were determined to be anti-dilutive.