Basic and Diluted Net Loss Per Common Share

9 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Basic and Diluted Net Income (Loss) Per Common Share

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 December 31,						Nine Month Periods Ended   December 31,
	2015			2014			2015			2014
Numerator:
Income (loss) from continuing operations	$	(8,600	)	$	3,078		$	(38,456	)	$	325
Income (loss) from discontinued operations, net of income tax expense (benefit) of $0, $41, $0 and $1,976 respectively	—			(164		)	—			5,379
Net income (loss)	$	(8,600	)	$	2,914		$	(38,456	)	$	5,704
Denominator:
Weighted-average shares outstanding:
Basic	46,081			45,407			45,953			45,360
Assumed conversion of employee stock grants	—			493			—			550
Assumed conversion of warrants	—			6,328			—			6,639
Diluted	46,081			52,228			45,953			52,549
Net income (loss) per basic share:
Income (loss) from continuing operations	$	(0.19	)	$	0.07		$	(0.84	)	$	0.01
Income (loss) from discontinued operations	$	—		$	—		$	—		$	0.12
Net income (loss)	$	(0.19	)	$	0.07		$	(0.84	)	$	0.13
Net income (loss) per diluted share:
Income (loss) from continuing operations	$	(0.19	)	$	0.06		$	(0.84	)	$	0.01
Income (loss) from discontinued operations	$	—		$	—		$	—		$	0.10
Net income (loss)	$	(0.19	)	$	0.06		$	(0.84	)	$	0.11

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 December 31,		Nine Month Periods Ended December 31,
	2015	2014	2015	2014
Assumed conversion of employee stock grants	3,257	1,433	3,247	1,012
Assumed conversion of warrants	5,168	—	5,261	—