Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Revenue $ 102,073 $ 38,808 $ 43,629
Cost of revenue 60,115 25,483 26,457
Gross profit 41,958 13,325 17,172
Operating expenses:      
Sales and marketing 14,663 7,492 5,843
Research and development 11,339 5,928 5,460
General and administrative 14,027 9,310 6,996
Intangible amortization 4,908 887 544
Restructuring 335 149 276
Goodwill impairment    2,884  
Total operating expenses 45,272 26,650 19,119
Operating income (loss) (3,314) (13,325) (1,947)
Other income (expense), net (56) 175 331
Income (loss) before income taxes and discontinued operations (3,370) (13,150) (1,616)
Income tax (expense) benefit 8,782 (29,392) 686
Net income (loss) from continuing operations 5,412 (42,542) (930)
Discontinued operations (Note 1):      
Gain on sales of discontinued operations, net of tax expense of $25,013      39,489
Income (loss) from discontinued operations, net of tax benefit (expense) of $0, $813 and $(2,354) for fiscal years 2014, 2013 and 2012, respectively (45) (1,496) 3,423
Net income (loss) $ 5,367 $ (44,038) $ 41,982
Basic net income (loss) per share:      
Basic net income (loss) from continuing operations $ 0.09 $ (0.71) $ (0.01)
Basic net income (loss) from discontinued operations $ 0.00 $ (0.02) $ 0.64
Basic net income (loss) per share $ 0.09 $ (0.73) $ 0.63
Diluted net income (loss) per share:      
Diluted net income (loss) from continuing operations $ 0.09 $ (0.71) $ (0.01)
Diluted net income (loss) from discontinued operations $ 0.00 $ (0.02) $ 0.64
Diluted net income (loss) per share $ 0.09 $ (0.73) $ 0.63
Weighted-average number of Common shares outstanding:      
Basic 58,786 59,944 66,657
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options 1,262 [1] 0 [1] 0 [1]
Diluted 60,048 59,944 66,657
[1] * The Company had 0.6 million shares represented by options for the twelve months ended March 31, 2014, which were not included in the computation of average dilutive shares outstanding because they were anti-dilutive. In periods with a net loss from continuing operations, the basic loss per share equals the diluted loss per share as all common stock equivalents are excluded from the per share calculation.