Net Income Per Share

3 Months Ended

Jun. 30, 2017

Net Loss per Share

Basic net loss per share represents net loss divided by the weighted-average number of common shares outstanding for the period. Diluted net loss per share represents net loss divided by the weighted-average number of common shares outstanding, including the dilutive impact of potential issuances of common stock. The reconciliation of basic to diluted weighted-average common shares outstanding is as follows:



	Three Months Ended June 30,
	2017	2016
Weighted-average shares used in basic computation	31,991,000	32,024,000
Dilutive effect of stock-based awards and options	—	—
Weighted-average shares used for diluted computation	31,991,000	32,024,000

Excluded*:
Annual RSUs and Annual PSUs	389,000	267,000
SARs	240,000	600,000
LTIP PSUs	269,000	396,000
LTIP NQSOs	397,000	—
Deferred non-employee director restricted stock awards	7,000	10,000
Employee Stock Purchase Plan	9,000	—

*The stock-based awards and options excluded from the dilutive effect were excluded either because the shares were anti-dilutive or because the necessary conditions had not been satisfied for the shares to be issuable based on the Company's performance for the three months ended June 30, 2017 and 2016, respectively. The number of shares reflected for each of these excluded awards is the maximum number of shares issuable pursuant to these awards. Refer to Note 8, "Stockholders' Equity", for more information on the nature of these awards.