14. 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 net loss per share
is computed by dividing earnings available to common shareholders
by the weighted average shares of common stock outstanding during
the period. For the purposes of calculating diluted net loss 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 common stock, such
as stock options and RSUs, calculated using the treasury stock
method.
The following table sets forth our computation of basic and diluted
net loss per common share (amounts in thousands, except per share
data):
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For the Fiscal Years Ended January 31,
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2014
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2013
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|
2012
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|
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Net loss from continuing operations
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|
$ |
(2,227 |
) |
|
$ |
(2,799 |
) |
|
$ |
(3,403 |
) |
|
Net loss from discontinued operations
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|
|
(803 |
) |
|
|
(16,366 |
) |
|
|
(611 |
) |
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|
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Net loss
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|
$ |
(3,030 |
) |
|
$ |
(19,165 |
) |
|
$ |
(4,014 |
) |
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|
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Weighted average shares used in computing loss per
share—basic
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32,718 |
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|
32,494 |
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|
32,093 |
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Effect of dilutive shares (1):
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Stock options
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|
382 |
|
|
|
58 |
|
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|
98 |
|
|
Restricted stock units
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|
472 |
|
|
|
437 |
|
|
|
906 |
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Dilutive potential common shares
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|
854 |
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|
495 |
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|
1,004 |
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Weighted average shares used in computing loss per
share—diluted (1)
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33,572 |
|
|
|
32,989 |
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|
|
33,097 |
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Net loss per share—basic:
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|
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Loss from continuing operations
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$ |
(0.07 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.11 |
) |
|
Loss income from discontinued operations
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|
|
(0.02 |
) |
|
|
(0.50 |
) |
|
|
(0.02 |
) |
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Net loss per share—basic
|
|
$ |
(0.09 |
) |
|
$ |
(0.59 |
) |
|
$ |
(0.13 |
) |
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Net loss per share—diluted:
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|
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Loss from continuing operations
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|
$ |
(0.07 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.11 |
) |
|
Loss from discontinued operations
|
|
|
(0.02 |
) |
|
|
(0.50 |
) |
|
|
(0.02 |
) |
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Net loss per share—diluted
|
|
$ |
(0.09 |
) |
|
$ |
(0.59 |
) |
|
$ |
(0.13 |
) |
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| (1) |
We did not include the securities
described in the following table in the computation of net loss per
share for the periods presented because these shares are
anti-dilutive (amounts in thousands): |
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For the Fiscal Year Ended January 31,
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| |
|
2014
|
|
|
2013
|
|
|
2012
|
|
|
Shares issuable upon the exercise of stock options that are
anti-dilutive
|
|
|
532 |
|
|
|
1,649 |
|
|
|
1,567 |
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