Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v2.4.1.9
Net Loss Per Share
12 Months Ended
Jan. 31, 2015
Earnings Per Share [Abstract]  
Net Loss Per Share

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 dilutive shares of common stock, such as stock options, RSUs and DSUs, 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 data):

 

     For the Fiscal Years Ended January 31,  
           2015                  2014                  2013        

Net loss from continuing operations

   $ (27,489    $ (2,227    $ (2,799

Net income (loss) from discontinued operations

     5         (803      (16,366
  

 

 

    

 

 

    

 

 

 

Net loss

$ (27,484 $ (3,030 $ (19,165
  

 

 

    

 

 

    

 

 

 

Weighted average shares used in computing net loss per share—basic

  32,772      32,718      32,494   

Effect of dilutive shares:

Stock options

  —        —        —     

Restricted stock units

  —        —        —     

Deferred stock units

  

 

 

    

 

 

    

 

 

 

Dilutive potential common shares

  —        —        —     
  

 

 

    

 

 

    

 

 

 

Weighted average shares used in computing net loss per share—diluted

  32,772      32,718      32,494   
  

 

 

    

 

 

    

 

 

 

Net loss per share—basic:

Loss from continuing operations

$ (0.84 $ (0.07 $ (0.09

Loss income from discontinued operations

  0.00      (0.02   (0.50
  

 

 

    

 

 

    

 

 

 

Net loss per share—basic

$ (0.84 $ (0.09 $ (0.59
  

 

 

    

 

 

    

 

 

 

Net loss per share—diluted:

Loss from continuing operations

$ (0.84 $ (0.07 $ (0.09

Loss from discontinued operations

  0.00      (0.02   (0.50
  

 

 

    

 

 

    

 

 

 

Net loss per share—diluted

$ (0.84 $ (0.09 $ (0.59
  

 

 

    

 

 

    

 

 

 

The number of common shares used in the computation of diluted net loss per share for the periods presented does not include the effect of the following potentially outstanding common shares because the effect would have been anti-dilutive (amounts in thousands):

 

     For the Fiscal Year Ended January 31,  
         2015              2014              2013      

Stock options

     1,586         913         1,707   

Restricted stock units

     217         473         529   

Deferred stock units

     11         —           —     
  

 

 

    

 

 

    

 

 

 

Total

  1,814      1,386      2,236