| NET INCOME (LOSS) PER SHARE |
NET INCOME (LOSS) PER SHARE
The following is the computation of basic and diluted income (loss) per share (in thousands, except per share data):
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Three Months Ended |
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Six Months Ended |
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September 30, 2015 |
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September 30, 2014 |
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September 30, 2015 |
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September 30, 2014 |
Numerator: |
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Net income (loss) |
$ |
(11,227 |
) |
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$ |
1,248 |
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$ |
(21,982 |
) |
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$ |
(3,076 |
) |
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Denominator: |
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Weighted average shares: |
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Basic |
263,058 |
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254,760 |
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260,766 |
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252,724 |
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Dilutive shares from stock plans |
— |
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2,819 |
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— |
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— |
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Diluted |
263,058 |
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257,579 |
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260,766 |
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252,724 |
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Basic and diluted net income (loss) per share |
$ |
(0.04 |
) |
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$ |
0.00 |
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$ |
(0.08 |
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$ |
(0.01 |
) |
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Dilutive and 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 income (loss) per share for the periods presented exclude the following because the effect would have been anti-dilutive:
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For the second quarter and first six months of fiscal 2016 and 2015, 42.5 million weighted average shares related to our 4.50% convertible subordinated notes were excluded. For the second quarter of fiscal 2016 and 2015, $0.9 million of related interest expense was excluded. For the first six months of fiscal 2016 and 2015, $1.8 million of related interest expense was excluded.
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For the second quarter and first six months of fiscal 2016, 19.3 million weighted average shares related to our 3.50% convertible subordinated notes were excluded. For the second quarter and first six months of fiscal 2015, 30.9 million weighted average shares related to these notes were excluded. For the second quarter and first six months of fiscal 2016, $0.9 million and $1.8 million, respectively, of related interest expense was excluded. For the second quarter and first six months of fiscal 2015, $1.4 million and $2.8 million of related interest expense was excluded.
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For the second quarter and first six months of fiscal 2016, options to purchase 4.6 million and 4.7 million, respectively, weighted average shares were excluded. For the second quarter and first six months of fiscal 2015, options to purchase 2.3 million and 7.0 million, respectively, weighted average shares were excluded.
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For the second quarter and first six months of fiscal 2016, unvested RSUs of 12.1 million and 12.6 million, respectively, weighted average shares were excluded. For the second quarter and first six months of fiscal 2015, unvested RSUs of 0.2 million and 12.0 million, respectively, weighted average shares were excluded.
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