Loss per Share

The following data shows the amounts used in computing loss per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares.



	Three months ended						Six months ended
	September 30,						September 30,
(In thousands, except per share data)	2017			2016			2017			2016
Numerator:
Net loss	$	(3,248	)	$	(2,400	)	$	(6,206	)	$	(4,697	)

Denominator:
Weighted average shares outstanding	22,760			22,606			22,740			22,603

Loss per share - basic and diluted:
Loss per share	$	(0.14	)	$	(0.11	)	$	(0.27	)	$	(0.21	)

Anti-dilutive stock options, SSARs, restricted shares and performance shares	1,788			1,291			1,728			1,363

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 535,772 and 541,473 of restricted shares at September 30, 2017 and 2016, respectively, as these shares were issued but were not vested and, therefore, not considered outstanding for purposes of computing basic (loss) 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 net loss 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.