Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.19.3
Net Income (Loss) Per Share
 6 Months Ended
Sep. 30, 2019
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 six months ended September 30, 2019, 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 and six months ended September 30, 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) from continuing operations, net of taxes, per share of common stock (in thousands, except per share amounts):
 
 
Three months ended September 30,
 
Six months ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Income / (loss) from continuing operations, net of taxes
 
$
(1,337
)
 
$
2,068

 
$
(3,008
)
 
$
3,596

Weighted-average common shares outstanding, basic
 
83,909

 
77,193

 
82,860

 
76,644

Weighted-average common shares outstanding, diluted
 
83,909

 
78,780

 
82,860

 
79,019

Basic and diluted net income / (loss) per common share
 
$
(0.02
)
 
$
0.03

 
$
(0.04
)
 
$
0.05

Common stock equivalents included in net income per diluted share
 
—

 
1,587

 
—

 
2,375

Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive
 
6,893

 
—

 
6,170

 
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