Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

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Net Income (Loss) Per Share
 9 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee stock-based awards in periods where the Company had net losses. Because the Company was in a net loss position for the three and nine months ended December 31, 2017, all potentially dilutive shares of common stock were determined to be anti-dilutive, and accordingly, were not included in the calculation of diluted net loss per share. For the three months ended December 31, 2018, because the Company was in a net loss position, all potentially dilutive shares of common stock were determined to be anti-dilutive, and accordingly, were not included in the calculation of diluted net loss per share. For the nine months ended December 31, 2018 the Company was in a net income position, and has included the dilutive effect of employee stock-based awards using the treasury method and assuming an average stock price over the period of $1.39 and $1.55, respectively.
The following table sets forth the computation of net income (loss) per share of common stock (in thousands, except per share amounts):
 
 
Three months ended December 31,
 
Nine months ended December 31,
 
 
2018
 
2017
 
2018
 
2017
Net income / (loss) from continuing operations, net of taxes
 
$
(1,136
)
 
$
(4,795
)
 
$
2,460

 
$
(15,485
)
Weighted-average common shares outstanding, basic
 
77,645

 
72,148

 
76,977

 
68,575

Weighted-average common shares outstanding, diluted
 
77,645

 
75,442

 
79,371

 
70,252

Basic and diluted net income / (loss) per common share
 
$
(0.01
)
 
$
(0.07
)
 
$
0.03

 
$
(0.23
)
Common stock equivalents included in net income per diluted share
 
—

 
—

 
2,394

 
—

Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive
 
2,485

 
3,294

 
—

 
1,677