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(Loss) Earnings Per Share
 9 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings (Loss) per Share

The following data shows the amounts used in computing (loss) earnings per share and the effect on income and the weighted average number of shares of dilutive potential common shares.
 
Three months ended
 
Nine months ended
 
December 31,
 
December 31,
(In thousands, except per share data)
2012
 
2011
 
2012
 
2011
Numerator:
 
 
 
 
 
 
 
Income (loss) from continuing operations - basic and diluted
$
516

 
$
(5,774
)
 
$
(1,628
)
 
$
(16,208
)
(Loss) income from discontinued operations - basic and diluted
—

 
(735
)
 
—

 
10,403

Net income (loss) - basic and diluted
$
516

 
$
(6,509
)
 
$
(1,628
)
 
$
(5,805
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
21,900

 
22,148

 
21,873

 
22,650

   Effect of dilutive securities:
 
 
 
 
 
 
 
      Stock options and SSARs
108

 
—

 
—

 
—

      Unvested restricted shares
80

 
—

 
—

 
—

Weighted average shares outstanding - diluted
22,088

 
22,148

 
21,873

 
22,650

 
 
 
 
 
 
 
 
Earnings (loss) per share - basic:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.02

 
$
(0.26
)
 
$
(0.07
)
 
$
(0.72
)
(Loss) income from discontinued operations
—

 
(0.03
)
 
—

 
0.46

Net income (loss) per share
$
0.02

 
$
(0.29
)
 
$
(0.07
)
 
$
(0.26
)
 
 
 
 
 
 
 
 
Earnings (loss) per share - diluted:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.02

 
$
(0.26
)
 
$
(0.07
)
 
$
(0.72
)
(Loss) income from discontinued operations
$
—

 
$
(0.03
)
 
$
—

 
$
0.46

Net income (loss) per share
$
0.02

 
$
(0.29
)
 
$
(0.07
)
 
$
(0.26
)
 
 
 
 
 
 
 
 
Anti-dilutive stock options, SSARs, restricted shares and performance shares
1,437

 
2,078

 
1,799
 
2,679


Basic earnings (loss) per share is computed as net income available to common shareholders divided by the weighted average basic shares outstanding. The outstanding shares used to calculate the weighted average basic shares excludes 236,919 and 115,969 of restricted shares and performance shares at December 31, 2012 and 2011, respectively, as these shares were issued but were not vested and, therefore, not considered outstanding for purposes of computing basic earnings per share at the balance sheet dates.

Diluted earnings (loss) per share includes the effect of all potentially dilutive securities on earnings per share. We have stock options, stock-settled appreciation rights ("SSARs") and unvested restricted shares that are potentially dilutive securities. When a loss is reported, the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of share-based compensation awards because doing so would be anti-dilutive. In addition, when a loss from continuing operations is reported, adjusting the denominator of diluted earnings per share would also be anti-dilutive to the loss per share, even if the entity has net income after adjusting for a discontinued operation. Therefore, for the three months ended December 31, 2011 and nine months ended December 31, 2012 and 2011, basic weighted-average shares outstanding were used in calculating the diluted net loss per share.