Basic and Diluted Net Loss Per Common Share

6 Months Ended

Sep. 30, 2015

Basic and Diluted Net Income (Loss) Per Common Share

The following table presents basic earnings per share ("EPS") and diluted EPS (amounts in thousands, except per share data):



	Quarters Ended September 30,					Six Month Periods Ended September 30,
	2015		2014			2015			2014
Numerator:
Income (loss) from continuing operations	$	7,194	$	7,730		$	(29,856	)	$	(2,753	)
Income (loss) from discontinued operations, net of income tax expense (benefit) of $0, $1,017, $0 and $1,935 respectively	—		(1,400		)	—			5,543
Net income (loss)	$	7,194	$	6,330		$	(29,856	)	$	2,790
Denominator:
Weighted-average shares outstanding:
Basic	45,767		45,400			45,660			45,337
Assumed conversion of employee stock grants	217		430			—			463
Assumed conversion of warrants	4,020		6,691			—			6,762
Diluted	50,004		52,521			45,660			52,562
Net income (loss) per basic share:
Income (loss) from continuing operations	$	0.16	$	0.17		$	(0.65	)	$	(0.06	)
Income (loss) from discontinued operations	$	—	$	(0.03	)	$	—		$	0.12
Net income (loss)	$	0.16	$	0.14		$	(0.65	)	$	0.06

Net income (loss) per diluted share:
Income (loss) from continuing operations	$	0.14	$	0.15		$	(0.65	)	$	(0.05	)
Income (loss) from discontinued operations	$	—	$	(0.03	)	$	—		$	0.11
Net income (loss)	$	0.14	$	0.12		$	(0.65	)	$	0.06

Common stock equivalents that could potentially dilute net income (loss) per basic share in the future, but were not included in the computation of diluted earnings per share because the impact would have been anti-dilutive, are as follows (amounts in thousands):



	Quarters Ended September 30,		Six Month Periods Ended September 30,
	2015	2014	2015	2014
Assumed conversion of employee stock grants	3,942	1,001	3,507	1,030
Assumed conversion of warrants	—	—	5,305	—