Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE

v3.7.0.1
NET INCOME (LOSS) PER SHARE
 3 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
NET INCOME (LOSS) PER SHARE
The following is the computation of basic and diluted net income (loss) per share (in thousands, except per share data):
 
Three Months Ended
 
June 30, 2017
 
June 30, 2016
Numerator:
 
 
 
Net loss
$
(3,674
)
 
$
(3,520
)
 
 
 
 
Denominator:
 
 
 
Weighted average shares:
 
 
 
Basic
34,084

 
33,292

Dilutive shares from stock plans
—

 
—

Dilutive shares from convertible subordinated notes
—

 
—

Diluted
34,084

 
33,292

 
 
 
 
Basic and diluted net loss per share
$
(0.11
)
 
$
(0.11
)


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
 
June 30, 2017
 
June 30, 2016
Weighted average shares excluded:
 
 
 
4.50% convertible subordinated notes
4.8

 
5.3

Stock options
0.2

 
0.5

Unvested restricted stock units
1.5

 
1.4

 
 
 
 
Interest expense excluded:
 
 
 
4.50% convertible subordinated notes
$
0.8

 
$
0.9