Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Common Share

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Net Income (Loss) Per Common Share
 6 Months Ended
Sep. 30, 2012
Net Income (Loss) Per Common Share  
Net Income (Loss) Per Common Share

15.  Net Income (Loss) Per Common Share

 

Basic loss per share of common stock is computed using the weighted average number of common shares outstanding for the period. Diluted loss per share is computed without consideration to potentially dilutive instruments because the Company incurred losses in the three months ended September 30, 2012 which would make these instruments anti-dilutive. As of September 30, 2012 and 2011, the number of anti-dilutive stock options and restricted stock units excluded from diluted net loss per common share computations was approximately 13.5 million and 1.6 million, respectively. As of September 30, 2012 and 2011, the number of warrants excluded from diluted net loss per common share computations was approximately 26.5 million and 12.5 million, respectively. As of September 30, 2011, basic net earnings per share was reconciled to diluted net earnings per share by adding dilutive warrants, stock options and unvested share awards of 2.0 million.