Annual report pursuant to Section 13 and 15(d)

Net Income / (Loss) per Common Share

v3.20.1
Net Income / (Loss) per Common Share
 12 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Net Income / (Loss) per Common Share
Net Income / (Loss) per Common Share
Basic and diluted 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 has net losses. Because the Company had net losses for the years ended March 31, 2019 and 2018, 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 those fiscal years.
The following table sets forth the computation of net income / (loss) per share of common stock (in thousands, except per share amounts):
 
 
Year ended March 31,
 
 
2020
 
2019
 
2018
Income / (loss) from continuing operations, net of taxes
 
$
14,280

 
$
(4,302
)
 
$
(19,697
)
Weighted-average common shares outstanding, basic
 
84,594

 
77,440

 
70,263

Basic net income / (loss) per common share
 
$
0.17

 
$
(0.06
)
 
$
(0.28
)
Weighted-average common shares outstanding, diluted
 
89,558

 
77,440

 
70,263

Diluted net income / (loss) per common share
 
$
0.16

 
$
(0.06
)
 
$
(0.28
)
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive
 
4,964

 
3,312

 
2,572