| Net Income (Loss) per Share |
Net Income (Loss) per Share
Basic net income (loss) per share represents net income (loss) divided by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share represents net income (loss) divided by the weighted-average number of common shares outstanding, including the dilutive impact of potential issuances of common stock. The reconciliations of basic to diluted weighted-average common shares outstanding were as follows: | | | | | | | | | | | | | | Three Months Ended
September 30, | | Six Months Ended
September 30, | | 2016 | | 2015 | | 2016 | | 2015 | Weighted-average shares used in basic computation | 32,057,000 |
| | 32,511,000 |
| | 32,041,000 |
| | 32,812,000 |
| Dilutive effect of stock-based awards (1) | 365,000 |
| | 264,000 |
| | — |
| | — |
| Weighted-average shares used in diluted computation | 32,422,000 |
| | 32,775,000 |
| | 32,041,000 |
| | 32,812,000 |
| | | | | | | | | Excluded annual RSUs (2) | 131,000 |
| | 177,000 |
| | 420,000 |
| | 480,000 |
| Excluded long-term incentive plan RSUs (2) | 396,000 |
| | 457,000 |
| | 396,000 |
| | 457,000 |
| Excluded non-employee director restricted stock awards (RSAs) (2) | — |
| | — |
| | 10,000 |
| | 9,000 |
| Excluded stock appreciation rights (SARs) (2) | 90,000 |
| | 510,000 |
| | 480,000 |
| | 700,000 |
|
| | (1) | For the six months ended September 30, 2016 and 2015, the Company excluded all annual and long-term incentive plan RSUs, RSAs and SARs from the diluted net loss per share computation because they were antidilutive due to the net loss during the period. All excluded awards include the maximum amounts achievable for these awards. |
| | (2) | The stock-based awards excluded from the dilutive effect were excluded because necessary conditions had not been satisfied for the shares to be issuable based on the Company’s performance for the three months ended September 30, 2016 and 2015. All excluded awards include the maximum amounts achievable for these awards. |
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