NET LOSS PER SHARE
The following is the computation of basic and diluted loss per share (in thousands, except per share data):
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Three Months Ended |
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June 30, 2015 |
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June 30, 2014 |
Numerator: |
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Net loss |
$ |
(10,755 |
) |
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$ |
(4,324 |
) |
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Denominator: |
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Weighted average basic and diluted shares |
258,448 |
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250,666 |
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Basic and diluted net loss per share |
$ |
(0.04 |
) |
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$ |
(0.02 |
) |
Potentially dilutive common shares from the Stock Incentive Plans are determined by applying the treasury stock method to the assumed exercise of outstanding options and the assumed vesting of outstanding restricted stock units. The dilutive impact related to our convertible subordinated notes is determined by applying the if-converted method, which includes adding the related weighted average shares to the denominator and the related interest expense to net income.
The computations of diluted net loss per share for the periods presented exclude the following because the effect would have been anti-dilutive:
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For the first quarter of fiscal 2016 and 2015, 42.5 million weighted average shares related to our 4.50% convertible subordinated notes and $0.9 million of related interest expense were excluded.
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For the first quarter of 2016, 19.3 million weighted average shares related to our 3.50% convertible subordinated notes and $0.9 million of related interest expense were excluded. For the first quarter of fiscal 2015, 30.9 million weighted average shares and $1.4 million of related interest expense were excluded.
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For the first quarter of fiscal 2016 and 2015, options to purchase 4.8 million and 7.8 million, respectively, weighted average shares were excluded.
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For the first quarter of fiscal 2016 and 2015, unvested RSUs of 13.1 million and 11.2 million, respectively, weighted average shares were excluded.
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