Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

Net Loss Per Share
3 Months Ended
Apr. 30, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share
13. Net Loss Per Share

Net loss per share is presented in accordance with authoritative guidance which requires the presentation of “basic” and “diluted” earnings per share. Basic earnings (loss) per share is computed by dividing earnings (loss) available to common shareholders by the weighted-average shares of common stock outstanding during the period. For the purposes of calculating diluted earnings per share, the denominator includes both the weighted average number of shares of common stock outstanding during the period and the weighted average number of shares of potential dilutive shares of common stock, such as stock awards, calculated using the treasury stock method. Basic and diluted net loss per share was the same for all the periods presented as the impact of potential dilutive shares outstanding was anti-dilutive.

The following table sets forth our computation of basic and diluted net loss per common share (amounts in thousands, except per share amounts):


     Three Months Ended  
     April 30,  
     2017      2016  

Net loss

   $ (5,371    $ (8,907







Weighted average shares used in computing net loss per share - basic and diluted

     35,309        34,354  







Net loss per share:



   $ (0.15    $ (0.26








   $ (0.15    $ (0.26







The number of common shares used in the computation of diluted net loss per share for the three months ended April 30, 2017 and 2016 does not include the effect of the following potentially outstanding common shares because the effect would have been anti-dilutive (amounts in thousands):


     Three Months Ended  
     April 30,  
     2017      2016  

Stock options

     1,698        927  

Restricted stock units

     1,126        896  

Deferred stock units

     106        74  

Performance stock units

     316        —    








     3,246        1,897