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

3 Months Ended

Jun. 30, 2012

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 June 30,
	2012			2011
Numerator:
Net income (loss)	$	(17,753	)	$	31,849
Denominator:
Weighted-average shares outstanding:
Basic	44,808			39,452
Assumed conversion of employee stock options	—			365
Assumed conversion of warrants	—			12,521
Diluted	44,808			52,338
Net income (loss) per share:
Basic	$	(0.40	)	$	0.81
Diluted	$	(0.40	)	$	0.61

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 antidilutive, are as follows (amounts in thousands):

	Quarters Ended June 30,
	2012	2011
Assumed conversion of employee stock options	1,469	704
Assumed conversion of warrants	7,160	—