Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (EPS)

v2.4.0.6
Earnings Per Share (EPS)
 9 Months Ended
Dec. 31, 2012
Earnings Per Share (EPS) [Abstract]  
Earnings Per Share (EPS)
2.      Earnings Per Share (EPS):

Basic EPS is computed by dividing net income (loss) available to common stockholders (numerator) by the weighted-average number of common shares outstanding (denominator) for the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. The computation of diluted EPS uses the average market prices during the period.

Basic net loss per common share is computed using the weighted-average number of shares of common stock outstanding.

The following table represents the calculation of basic and diluted net loss per common share (in thousands, except per share data):

   
Three Months Ended
    
Nine Months Ended
  
   
December 31,
    
December 31,
  
   
2012
    
2011
    
2012
    
2011
  
                         
Loss from continuing operations
   $ (1,208 )   $ (583 )   $ (3,167 )   $ (2,293 )
                                 
Income from discontinued operations, net of taxes
     56       2,852       52       3,091  
                                 
Net (loss) income applicable to common stockholders
   $ (1,152 )   $ 2,269     $ (3,115 )   $ 798  
Basic and diluted:
                                
Weighted-average common shares outstanding
     1,884       1,689       1,798       1,689  
                                 
Net loss per share from continuing operations:
                                
Basic and diluted
   $ (0.64 )   $ (0.34 )   $ (1.76 )   $ (1.36 )
Net income per share from discontinued operations:
                                
Basic and diluted
   $ 0.03     $ 1.69     $ 0.03     $ 1.83  
Net (loss) income per share:
                                
Basic and diluted
   $ (0.61 )   $ 1.35     $ (1.73 )   $ 0.47  

Outstanding options, RSUs and ESPP's of 447,090 and 408,006 shares of common stock at a weighted-average exercise price per share of $11.11 and $9.82 on December 31, 2012 and 2011, respectively, were not included in the computation of diluted net (loss) income per common share for the nine month periods presented as a result of their anti-dilutive effect.  Also, 8,348 liability warrants with an average exercise price of $30.00 were not included in the computation of diluted net loss per common share.  Such securities could potentially dilute earnings per share in future periods.