SeaChange International, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

Net Loss Per Share

12 Months Ended

Jan. 31, 2016

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 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 data):


	For the Fiscal Years Ended January 31,
	2016			2015			2014
Net loss from continuing operations	$	(47,697	)	$	(27,489	)	$	(2,227	)
Net income (loss) from discontinued operations		—			5			(803	)

Net loss	$	(47,697	)	$	(27,484	)	$	(3,030	)

Weighted average shares used in computing net loss per share—basic and diluted		33,506			32,772			32,718

Net loss per share—basic and diluted:
Loss from continuing operations	$	(1.42	)	$	(0.84	)	$	(0.07	)
Income (loss) from discontinued operations		—			0.00			(0.02	)

Net loss per share—basic and diluted:	$	(1.42	)	$	(0.84	)	$	(0.09	)

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,
	2016		2015		2014
Stock options		1,493		1,586		913
Restricted stock units		145		217		473
Deferred stock units		31		11		—
Performance stock units		5		—		—

Total		1,674		1,814		1,386