Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.3.1.900
Net Loss Per Share
9 Months Ended
Oct. 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 due to the Company’s net loss position.

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      Nine Months Ended  
     October 31,      October 31,  
     2015      2014      2015      2014  

Net loss from continuing operations

   $ (10,565    $ (6,195    $ (25,417    $ (21,349

Net income from discontinued operations

     —           (114      —           5   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net loss

   $ (10,565    $ (6,309    $ (25,417    $ (21,344
  

 

 

    

 

 

    

 

 

    

 

 

 

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

     33,636         32,628         33,440         32,805   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net loss per share - basic and diluted:

           

Loss from continuing operations

   $ (0.31    $ (0.19    $ (0.76    $ (0.65

Income from discontinued operations

     —           (0.00      —           0.00   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net loss per share - basic and diluted

   $ (0.31    $ (0.19    $ (0.76    $ (0.65
  

 

 

    

 

 

    

 

 

    

 

 

 

The number of common shares used in the computation of diluted net loss per share for the three and nine months ended October 31, 2015 and 2014 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,      October 31,  
     2015      2014      2015      2014  

Stock options

     1,791         1,007         1,503         318   

Restricted stock units

     169         247         176         206   

Deferred stock units

     30         16         20         6   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     1,990         1,270         1,699         530