Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income Per Share

v2.4.0.8
Net (Loss) Income Per Share
9 Months Ended
Oct. 31, 2014
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share

12. Net (Loss) Income Per Share

Net (loss) income per share is presented in accordance with authoritative guidance which requires the presentation of “basic” and “diluted” earnings per share. Basic net (loss) income 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 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 options and RSUs, calculated using the treasury stock method. Basic and diluted net (loss) income per share was the same for three and nine months ended October 31, 2014 and for the nine months ended October 31, 2013 as the impact of potential dilutive shares outstanding was anti-dilutive.

 

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

 

     Three Months Ended     Nine Months Ended  
     October 31,     October 31,  
     2014     2013     2014     2013  

Net (loss) income from continuing operations

   $ (6,195   $ 798      $ (21,349   $ (879

Net (loss) income from discontinued operations

     (114     (221     5        (744
  

 

 

   

 

 

   

 

 

   

 

 

 

Net (loss) income

   $ (6,309   $ 577      $ (21,344   $ (1,623
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares used in computing net (loss) income per share - basic

     32,628        32,813        32,805        32,636   

Effect of dilutive shares:

        

Stock options

     —          376        —          —     

Restricted stock units

     —          406        —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Dilutive potential common shares

     —          782        —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares used in computing net (loss) income per share - diluted

     32,628        33,595        32,805        32,636   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net (loss) income per share - basic:

        

(Loss) income from continuing operations

   $ (0.19   $ 0.02      $ (0.65   $ (0.03

(Loss) income from discontinued operations

     (0.00     (0.00     0.00        (0.02
  

 

 

   

 

 

   

 

 

   

 

 

 

Net (loss) income per share - basic

   $ (0.19   $ 0.02      $ (0.65   $ (0.05
  

 

 

   

 

 

   

 

 

   

 

 

 

Net (loss) income per share - diluted:

        

(Loss) income from continuing operations

   $ (0.19   $ 0.02      $ (0.65   $ (0.03

(Loss) income from discontinued operations

     (0.00     (0.00     0.00        (0.02
  

 

 

   

 

 

   

 

 

   

 

 

 

Net (loss) income per share - diluted

   $ (0.19   $ 0.02      $ (0.65   $ (0.05
  

 

 

   

 

 

   

 

 

   

 

 

 

The number of common shares used in the computation of diluted net (loss) income per share for the three and nine months ended October 31, 2014 and 2013 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      Nine Months Ended  
     October 31,      Occtober 31,  
     2014      2013      2014      2013  

Stock options

     1,007         557         318         942   

Restricted stock units

     263         2         212         484   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,270         559         530         1,426