Annual report pursuant to Section 13 and 15(d)

Income/Loss Per Share

v2.4.0.6
Income/Loss Per Share
12 Months Ended
Mar. 31, 2013
Income/Loss Per Share  
Income/Loss Per Share

Note 14: Income/Loss Per Share

        Basic earnings per share calculation is based on the weighted-average number of common shares outstanding. Diluted earnings per share calculation is based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive shares of common stock include stock options and Platinum Warrant. The following table presents the basic and diluted weighted-average number of shares of common stock (amounts in thousands, except per share data):

 
  Fiscal Years Ended March 31,  
 
  2013   2012   2011  

Net income (loss)

  $ (82,182 ) $ 6,692   $ 63,044  

Weighted-average common shares outstanding:

                   

Basic

    44,897     43,285     29,847  

Assumed conversion of employee stock options

        281     312  

Assumed conversion of Platinum Warrant

        8,754     21,318  
               

Weighted-average shares outstanding (diluted)

    44,897     52,320     51,477  
               

Basic income (loss) per share

  $ (1.83 ) $ 0.15   $ 2.11  

Diluted income (loss) per share

  $ (1.83 ) $ 0.13   $ 1.22  

        Common stock equivalents that could potentially dilute net income per basic share in the future, but were not included in the computation of diluted earnings per share because the impact would have been antidilutive, were as follows (amounts in thousands):

 
  Fiscal Years Ended
March 31,
 
 
  2013   2012   2011  

Assumed conversion of employee stock options

    1,996     860     815  

Assumed conversion of Platinum Warrant

    6,836