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Loss Per Share
9 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Loss Per Share

9. 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

December 31,

 

 

Nine Months Ended

December 31,

 

(In thousands, except per share data)

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

$

(2,582

)

 

$

(4,048

)

 

$

(7,075

)

 

$

(9,575

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

23,240

 

 

 

23,048

 

 

 

23,230

 

 

 

23,030

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share - basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share

$

(0.11

)

 

$

(0.18

)

 

$

(0.30

)

 

$

(0.42

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive stock options, SSARs, restricted shares and

   performance shares

 

1,469

 

 

 

1,471

 

 

 

1,414

 

 

 

1,443

 

 

Basic 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 416,960 and 482,846 of restricted shares at December 31, 2019 and 2018, respectively, as these shares were issued but were not vested and therefore, not considered outstanding for purposes of computing basic loss per share at the balance sheet dates.

Diluted 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. Therefore, for all periods presented, basic weighted average shares outstanding were used in calculating the diluted net loss per share.