Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE

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NET INCOME (LOSS) PER SHARE
 3 Months Ended
Jun. 30, 2013
NET INCOME (LOSS) PER SHARE [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE 10 NET INCOME (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, 2013       June 30, 2012
Net income (loss)   $      3,393   $      (16,660 )
Divided by              
Weighted average shares and common share equivalents ("CSE"):              
       Basic     243,309     236,628  
              Dilutive CSE from stock plans     2,463     -  
              Dilutive CSE from purchase plan     72     -  
       Diluted     245,844     236,628  
Basic and diluted net income (loss) per share   $ 0.01   $ (0.07 )

The computations of diluted net income (loss) per share for the periods presented exclude the following because the effect would have been anti-dilutive:

  • At June 30, 2013 and 2012, 31.2 million weighted equivalent shares of 3.50% convertible subordinated notes were excluded. At June 30, 2013, 42.5 million weighted equivalent shares of 4.50% convertible subordinated notes were excluded.
  • Stock options to purchase 10.7 million and 18.9 million weighted-average shares at June 30, 2013 and 2012, respectively, were excluded.
  • Unvested restricted stock units of 7.5 million and 8.7 million weighted-average shares at June 30, 2013 and 2012, respectively, were excluded.