Net Income Loss Per Common Share (EPS)

6 Months Ended

Sep. 30, 2011

Net Income Loss Per Common Share (EPS) [Abstract]

Net Income Loss Per Common Share (EPS)

4.     Net Income (Loss) Per Common Share (EPS):

Basic EPS is computed by dividing net income (loss) available to common stockholders (numerator) by the weighted average number of common shares outstanding (denominator) for the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. The computation of diluted EPS uses the average market prices during the period. All amounts in the following table are in thousands except per share data.

Basic net loss per common share is computed using the weighted-average number of shares of common stock outstanding.

The following table represents the calculation of basic and diluted net loss per common share (in thousands, except per share data):

	Three Months Ended September 30,						Six Months Ended September 30,
	2011			2010			2011			2010
Net loss from continuing operations	$	(717	)	$	(375	)	$	(1,709	)	$	(853	)
Income (loss) from discontinued operations, net of taxes		241			509		$	239		$	(1,481	)
Net (loss) income applicable to common stockholders	$	(476	)	$	134		$	(1,470	)	$	(2,334	)
Basic and diluted:
Weighted-average common shares outstanding		1,689			1,688			1,688			1,683
Weighted-average common shares used in diluted net (loss) income per common share		1,689			1,692			1,688			1,683
Net loss per share from continuing operations:
Basic and diluted	$	(0.42	)		(0.22	)	$	(1.01	)	$	(0.51	)
Net income (loss) per share from asset sale and discontinued operations:
Basic and diluted	$	0.14		$	0.30		$	0.14		$	(0.88	)
Net income (loss) per share:
Basic and diluted	$	(0.28	)		0.08		$	(0.87	)	$	(1.39	)

Outstanding options and RSUs of 442,177 and 190,608 shares of common stock at a weighted-average exercise price per share of $8.77 and $23.55 on September 30, 2011 and 2010, respectively, were not included in the computation of diluted net (loss) income per common share for the three month periods presented as a result of their anti-dilutive effect.  Such securities could potentially dilute earnings per share in future periods.