Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Revenue $ 23,646 $ 29,960 $ 51,471 $ 52,416
Cost of revenue 15,581 17,938 [1] 33,722 31,977 [1]
Gross profit 8,065 12,022 [1] 17,749 20,439 [1]
Operating expenses:        
Sales and marketing 2,924 3,485 [1] 6,345 6,544 [1]
Research and development 4,300 2,619 8,775 5,318
General and administrative 3,280 3,226 6,334 6,798
Intangible amortization 1,710 1,229 3,295 2,851
Restructuring (2) 169 55 235
Goodwill impairment 10,555   10,555  
Total operating expenses 22,767 10,728 [1] 35,359 21,746 [1]
Operating income (loss) (14,702) 1,294 (17,610) (1,307)
Other income (expense), net (16) 98 45 (32)
Income (loss) before income taxes and discontinued operations (14,718) 1,392 (17,565) (1,339)
Income tax benefit (expense) 69 (68) 98 (87)
Net income (loss) from continuing operations (14,649) 1,324 (17,467) (1,426)
Discontinued Operations:        
Income (loss) from discontinued operations, net of tax benefit    4    (10)
Net income (loss) (2) $ (14,649) [2] $ 1,328 [2] $ (17,467) [2] $ (1,436) [2]
Basic net loss per share:        
Basic net loss from continuing operations $ (0.24) $ 0.02 $ (0.29) $ (0.02)
Basic net loss from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
Basic net loss per share $ (0.24) $ 0.02 $ (0.29) $ (0.02)
Diluted net loss per share:        
Diluted net loss from continuing operations $ (0.24) $ 0.02 $ (0.29) $ (0.02)
Diluted net loss from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
Diluted net loss per share $ (0.24) $ 0.02 $ (0.29) $ (0.02)
Weighted-average number of common shares outstanding:        
Basic 59,924 58,681 59,819 58,601
Effect of dilutive securities: restricted stock, restricted stock units, performance stock units and stock options(3) 0 [3] 1,059 [3] 0 [3] 0 [3]
Diluted 59,924 59,740 59,819 58,601
[1] Certain amounts have been reclassified to reflect a change in accounting principle. See Note 1.
[2] Net loss and comprehensive loss are the same for the periods reported.
[3] The Company had 0.7 million shares represented by options for the three months ended September 30, 2013, which were not included in the computation of average dilutive shares outstanding because there were anti-dilutive. In periods with a net loss, the basic loss per share equals the diluted loss per share as all common stock equivalents are excluded from the per share calculation.