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

6 Months Ended

Sep. 30, 2017

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



	Three Months Ended					Six Months Ended
	September 30, 2017			September 30, 2016		September 30, 2017			September 30, 2016
Numerator:
Net income (loss)	$	(7,863	)	$	4,072	$	(11,537	)	$	552

Denominator:
Weighted average shares:
Basic	34,561			33,804		34,337			33,549
Dilutive shares from stock plans	—			244		—			150
Diluted	34,561			34,048		34,337			33,699

Basic and diluted net income (loss) per share	$	(0.23	)	$	0.12	$	(0.34	)	$	0.02

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				Six Months Ended
	September 30, 2017		September 30, 2016		September 30, 2017		September 30, 2016

Weighted average shares excluded:
4.50% convertible subordinated notes	4.3		5.3		4.3		5.1
Stock options	0.2		0.2		0.2		0.4
Unvested restricted stock units	2.0		0.4		1.8		0.8

Interest expense excluded:
4.50% convertible subordinated notes	$	0.6	$	0.1	$	1.4	$	0.4