Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Common Share

v2.3.0.15
Net Income (Loss) Per Common Share
6 Months Ended
Sep. 30, 2011
Net Income (Loss) Per Common Share  
Net Income (Loss) Per Common Share

15.  Net Income (Loss) Per Common Share

 

Basic net income (loss) per share of common stock is computed using the weighted average number of common shares outstanding for the period. The calculation of potential common shares assumes the exercise of dilutive stock options and vesting of awards (RSUs and RSAs), net of assumed treasury share repurchases at average market prices. Nonqualified stock options totaling 1.3 million and stock awards totaling 0.3 million shares were excluded from the calculation of diluted net income per common share for the three months ended September 30, 2011, because they were anti-dilutive. In net loss periods, basic net loss per share and diluted net loss per share are identical since the effect of potential common shares is anti-dilutive and therefore excluded.

 

 

 

Three Months Ended
September 30,

 

Six Months Ended
September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

(In thousands)

 

(In thousands)

 

Net Income

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

1,264

 

$

(1,925

)

$

(1,632

)

$

(1,533

)

Basic Shares

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

259,412

 

245,510

 

259,364

 

243,890

 

Diluted Shares

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

259,412

 

245,510

 

259,364

 

243,890

 

Effect of dilutive warrants, stock options and non-vested share awards

 

2,006

 

 

 

 

Diluted weighted average shares outstanding

 

261,418

 

245,510

 

259,364

 

243,890

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.00

 

$

(0.01

)

$

(0.01

)

$

(0.01

)

Diluted

 

$

0.00

 

$

(0.01

)

$

(0.01

)

$

(0.01

)