Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (EPS)

v2.4.0.8
Earnings Per Share (EPS)
 9 Months Ended
Dec. 31, 2013
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:

 
  
Three Months Ended
    
Nine Months Ended
  
 
  
December 31,
    
December 31,
  
 
  
2013
    
2012
    
2013
    
2012
  
 
  
   
   
   
 
Loss from continuing operations
  
$
(994
)
  
$
(1,208
)
  
$
(2,508
)
  
$
(3,167
)
 
                                
Income (loss) from discontinued operations, net of taxes
    
(10
)
    
56
      
145
      
52
  
 
                                
Net loss applicable to common stockholders
  
$
(1,004
)
  
$
(1,152
)
  
$
(2,363
)
  
$
(3,115
)
Basic and diluted:
                                
Weighted-average common shares outstanding
    
1,963
      
1,884
      
1,955
      
1,798
  
Weighted-average common shares used in per share computation
    
1,963
      
1,884
      
1,955
      
1,798
  
 
                                
Net loss per share from continuing operations:
                                
Basic and diluted
  
$
(0.51
)
  
$
(0.64
)
  
$
(1.28
)
  
$
(1.76
)
Net income (loss) per share from discontinued operations:
                                
Basic and diluted
  
$
(0.01
)
  
$
0.03
    
$
0.07
    
$
0.03
  
Net loss per share:
                                
Basic and diluted
  
$
(0.52
)
  
$
(0.61
)
  
$
(1.21
)
  
$
(1.73
)

Outstanding options and RSUs of 427,580 and 447,090 shares of common stock at a weighted-average exercise price per share of $9.99 and $11.11 on December 31, 2013 and 2012, respectively, were not included in the computation of diluted net loss per common share for the three and nine month periods presented as a result of their anti-dilutive effect.  Also, warrants to purchase 92,888 shares of common stock with a weighted average exercise price of $3.15 per share were not included in the computation of diluted net loss per common share.  These warrants, which represent the balance of Sequel Power’s grant, expire January 14, 2015.  Such securities could potentially dilute earnings per share in future periods.