Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.5.0.2
NET LOSS PER SHARE
 3 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
NET LOSS PER SHARE
The following is the computation of basic and diluted net loss per share (in thousands, except per share data):
 
Three Months Ended
 
June 30, 2016
 
June 30, 2015
Numerator:
 
 
 
Net loss
$
(3,795
)
 
$
(10,755
)
 
 
 
 
Denominator:
 
 
 
Weighted average basic and diluted shares
266,337

 
258,448

 
 
 
 
Basic and diluted net loss per share
$
(0.01
)
 
$
(0.04
)


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:
•
For the first quarter of fiscal 2017 and fiscal 2016, 42.5 million weighted average shares related to our 4.50% convertible subordinated notes and $0.9 million of related interest expense were excluded.
•
For the first quarter of fiscal 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 2017 and fiscal 2016, options to purchase 4.0 million and 4.8 million, respectively, weighted average shares were excluded.
•
For the first quarter of fiscal 2017 and fiscal 2016, unvested RSUs of 11.1 million and 13.1 million, respectively, weighted average shares were excluded.