Income/Loss Per Share

12 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Income/Loss Per Share

Income/Loss Per Share

Basic earnings per share calculation is based on the weighted-average number of common shares outstanding. Diluted earnings per share calculation is based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive shares of common stock include stock options and Platinum Warrant.     

The following table presents the basic and diluted weighted-average number of shares of common stock (amounts in thousands, except per share data):

	Fiscal Years Ended March 31,
	2017		2016			2015
Numerator
Income (loss) from continuing operations	$	47,989	$	(53,629	)	$	(19,522	)
Income (loss) from discontinued operations, net of income tax expense (benefit) of $0, $0, and $1,976, respectively	—		—			5,379
Net income (loss)	$	47,989	$	(53,629	)	$	(14,143	)
Denominator:
Weighted-average common shares outstanding:
Basic	46,552		46,004			45,381
Assumed conversion of employee stock grants	2,235		—			—
Assumed conversion of Platinum Warrant	6,602		—			—
Weighted-average shares outstanding (diluted)	55,389		46,004			45,381
Net income (loss) per basic share:
Income (loss) from continuing operations	$	1.03	$	(1.17	)	$	(0.43	)
Income (loss) from discontinued operations, net of income tax expense (benefit)	$	—	$	—		$	0.12
Net income (loss)	$	1.03	$	(1.17	)	$	(0.31	)
Net income (loss) per diluted share:
Income (loss) from continuing operations	$	0.87	$	(1.17	)	$	(0.43	)
Income (loss) from discontinued operations, net of income tax expense (benefit)	$	—	$	—		$	0.12
Net income (loss)	$	0.87	$	(1.17	)	$	(0.31	)

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

	Fiscal Years Ended March 31,
	2017	2016	2015
Assumed conversion of employee stock grants	771	3,329	1,783
Assumed conversion of Platinum Warrant	—	4,951	6,287