INCOME (LOSS) PER SHARE

6 Months Ended

Sep. 30, 2012

INCOME (LOSS) PER SHARE

INCOME (LOSS) PER SHARE

NOTE 3 — INCOME (LOSS) PER SHARE

The components of basic and diluted income (loss) per share attributable to New Frontier Media, Inc. shareholders were as follows (in thousands, except per share amounts):

	Three Months Ended September 30,					Six Months Ended September 30,
	2012			2011		2012			2011
Net income (loss) attributable to New Frontier Media, Inc. shareholders	$	(2,492	)	$	133	$	(2,911	)	$	25
Weighted average shares outstanding	16,264			18,993		16,264			19,096
Effect of dilutive shares	—			—		—			—
Weighted average diluted shares	16,264			18,993		16,264			19,096
Basic income (loss) per share attributable to New Frontier Media, Inc. shareholders	$	(0.15	)	$	0.01	$	(0.18	)	$	0.00
Diluted income (loss) per share attributable to New Frontier Media, Inc. shareholders	$	(0.15	)	$	0.01	$	(0.18	)	$	0.00

We excluded options to purchase 1.9 million and 2.8 million shares of common stock from the calculation of diluted income (loss) per share for the three month periods ended September 30, 2012 and 2011, respectively, because inclusion of these options would be antidilutive.  We excluded options to purchase 2.0 million and 2.5 million shares of common stock from the calculation of diluted income (loss) per share for the six month periods ended September 30, 2012 and 2011, respectively, because inclusion of these options would be antidilutive.