Earnings Per Share (EPS)

9 Months Ended

Dec. 31, 2012

Earnings Per Share (EPS) [Abstract]

Earnings Per Share (EPS)

2.      Earnings Per 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.

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						Nine Months Ended
	December 31,						December 31,
	2012			2011			2012			2011
Loss from continuing operations	$	(1,208	)	$	(583	)	$	(3,167	)	$	(2,293	)
Income from discontinued operations, net of taxes		56			2,852			52			3,091
Net (loss) income applicable to common stockholders	$	(1,152	)	$	2,269		$	(3,115	)	$	798
Basic and diluted:
Weighted-average common shares outstanding		1,884			1,689			1,798			1,689
Net loss per share from continuing operations:
Basic and diluted	$	(0.64	)	$	(0.34	)	$	(1.76	)	$	(1.36	)
Net income per share from discontinued operations:
Basic and diluted	$	0.03		$	1.69		$	0.03		$	1.83
Net (loss) income per share:
Basic and diluted	$	(0.61	)	$	1.35		$	(1.73	)	$	0.47

Outstanding options, RSUs and ESPP's of 447,090 and 408,006 shares of common stock at a weighted-average exercise price per share of $11.11 and $9.82 on December 31, 2012 and 2011, respectively, were not included in the computation of diluted net (loss) income per common share for the nine month periods presented as a result of their anti-dilutive effect.  Also, 8,348 liability warrants with an average exercise price of $30.00 were not included in the computation of diluted net loss per common share.  Such securities could potentially dilute earnings per share in future periods.