Quantum Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

9 Months Ended

Dec. 31, 2016

The following is the computation of basic and diluted net income (loss) per share (in thousands, except per share data):



	Three Months Ended					Nine Months Ended
	December 31, 2016		December 31, 2015			December 31, 2016		December 31, 2015
Numerator:
Net income (loss)	$	5,006	$	(821	)	$	5,558	$	(23,511	)

Denominator:
Weighted average shares:
Basic	271,186		264,003			269,329		261,849
Dilutive shares from stock plans	3,257		—			2,144		—
Diluted	274,443		264,003			271,473		261,849

Basic and diluted net income (loss) per share	$	0.02	$	(0.00	)	$	0.02	$	(0.09	)

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 (in millions):



	Three Months Ended				Nine Months Ended
	December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015
Weighted average shares excluded:
4.50% convertible subordinated notes	40.9		42.5		42.0		42.5
3.50% convertible subordinated notes	—		1.3		—		13.3
Stock options	1.4		4.4		2.3		4.6
Unvested restricted stock units	3.1		12.0		3.8		12.4

Interest expense excluded:
4.50% convertible subordinated notes	$	0.9	$	0.9	$	2.7	$	2.7
3.50% convertible subordinated notes	$	—	$	0.1	$	—	$	1.8