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(Loss) Earnings per Share
 12 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
(Loss) Earnings per Share
(Loss) Earnings 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.
 
Year ended March 31,
(In thousands, except per share data)
2013
 
2012
 
2011
Numerator:
 
 
 
 
 
Loss from continuing operations - basic and diluted
(1,298
)
 
(34,239
)
 
(22,975
)
Income (loss) from discontinued operations - basic and diluted
—

 
11,456

 
(32,500
)
Net loss - basic and diluted
$
(1,298
)
 
$
(22,783
)
 
$
(55,475
)
 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted average shares outstanding - basic and diluted
21,880

 
22,432

 
22,785

 
 
 
 
 
 
(Loss) earnings per share - basic and diluted:
 
 
 
 
 
Loss from continuing operations
$
(0.06
)
 
$
(1.53
)
 
$
(1.01
)
Income (loss) from discontinued operations
—

 
0.51

 
(1.43
)
Net loss per share
$
(0.06
)
 
$
(1.02
)

$
(2.44
)
 
 
 
 
 
 
Anti-dilutive stock options, SSARs, restricted shares and performance shares
1,781

 
2,449
 
3,852


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, 139,767, 48,558 and 84,738 of restricted shares and performance shares at March 31, 2013, 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"), unvested restricted shares and unvested performance 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 all periods presented, basic weighted-average shares outstanding were used in calculating the diluted net loss per share.