Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share

9 Months Ended

Dec. 31, 2011

Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share

Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share

Note 11. Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share

The following table presents a reconciliation of basic EPS to diluted EPS (amounts in thousands, except per share data):

	Quarters Ended December 31,					Nine Months Ended December 31,
	2011			2010		2011		2010
Numerator:
Net income (loss)	$	(27,771	)	$	27,167	$	18,396	$	41,979
Denominator:
Weighted-average shares outstanding:
Basic	44,644			28,295		42,834		27,464
Assumed conversion of employee stock options	—			338		294		296
Assumed conversion of Platinum Warrant	—			23,327		9,174		23,364
Diluted	44,644			51,960		52,302		51,124
Net income (loss) per share:
Basic	$	(0.62	)	$	0.96	$	0.43	$	1.53
Diluted	$	(0.62	)	$	0.52	$	0.35	$	0.82

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, are as follows (amounts in thousands):

	Quarters Ended December 31,		Nine Months Ended December 31,
	2011	2010	2011	2010
Assumed conversion of employee stock options	1,402	848	795	799
Assumed conversion of Platinum Warrant	7,336	—	—	—