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

9 Months Ended

Dec. 31, 2012

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

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

Note 13. 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,
	2012			2011			2012			2011
Numerator:
Net income (loss)	$	(14,257	)	$	(27,771	)	$	(56,931	)	$	18,396
Denominator:
Weighted-average shares outstanding:
Basic	44,918			44,644			44,879			42,834
Assumed conversion of employee stock grants	—			—			—			294
Assumed conversion of warrants	—			—			—			9,174
Diluted	44,918			44,644			44,879			52,302
Net income (loss) per share:
Basic	$	(0.32	)	$	(0.62	)	$	(1.27	)	$	0.43
Diluted	$	(0.32	)	$	(0.62	)	$	(1.27	)	$	0.35

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 December 31,		Nine Months Ended December 31,
	2012	2011	2012	2011
Assumed conversion of employee stock grants	2,186	1,402	2,033	795
Assumed conversion of warrants	6,444	7,336	6,798	—