Quarterly report pursuant to Section 13 or 15(d)

Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share

v2.4.0.6
Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share
9 Months Ended
Dec. 31, 2011
Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share  
Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share

Note 11. Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share

 

The following table presents a reconciliation of basic EPS to diluted EPS (amounts in thousands, except per share data):

 

 

 

Quarters Ended December 31,

 

Nine Months Ended December 31,

 

 

 

2011

 

2010

 

2011

 

2010

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(27,771

)

$

27,167

 

$

18,396

 

$

41,979

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

44,644

 

28,295

 

42,834

 

27,464

 

Assumed conversion of employee stock options

 

 

338

 

294

 

296

 

Assumed conversion of Platinum Warrant

 

 

23,327

 

9,174

 

23,364

 

Diluted

 

44,644

 

51,960

 

52,302

 

51,124

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.62

)

$

0.96

 

$

0.43

 

$

1.53

 

Diluted

 

$

(0.62

)

$

0.52

 

$

0.35

 

$

0.82

 

 

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, are as follows (amounts in thousands):

 

 

 

Quarters Ended December 31,

 

Nine Months Ended December 31,

 

 

 

2011

 

2010

 

2011

 

2010

 

Assumed conversion of employee stock options

 

1,402

 

848

 

795

 

799

 

Assumed conversion of Platinum Warrant

 

7,336