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
6 Months Ended
Sep. 30, 2012
Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share  
Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share

Note 13. 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 September 30,

 

Six Months Ended September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(24,921

)

$

14,318

 

$

(42,674

)

$

46,167

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

44,911

 

44,370

 

44,860

 

41,924

 

Assumed conversion of employee stock options

 

 

299

 

 

335

 

Assumed conversion of warrants

 

 

7,561

 

 

10,048

 

Diluted

 

44,911

 

52,230

 

44,860

 

52,307

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.55

)

$

0.32

 

$

(0.95

)

$

1.10

 

Diluted

 

$

(0.55

)

$

0.27

 

$

(0.95

)

$

0.88

 

 

Common stock equivalents that could potentially dilute net income (loss) 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 September 30,

 

Six Months Ended September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Assumed conversion of employee stock options

 

1,454

 

903

 

1,444

 

710

 

Assumed conversion of warrants

 

6,591

 

 

6,929