Quarterly report pursuant to Section 13 or 15(d)

Net Income/(Loss) per Common Share (Tables)

v3.21.2
Net Income/(Loss) per Common Share (Tables)
 6 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Schedule of reconciliation of the denominators used to calculate basic EPS and diluted EPS The reconciliations of the denominators used to calculate basic and diluted net income/(loss) per common share for the three and six months ended September 30, 2021 and 2020, respectively, are as follows:
 Three Months Ended September 30, 2021  Three Months Ended September 30, 2020 Six Months Ended September 30, 2021 Six Months Ended September 30, 2020
Basic net income/(loss) per common share    
Net income/(loss) $ 477  $ 1,838  $ 137  $ (4,247)
Weighted-average common shares outstanding 33,328,568  33,164,921  33,268,825  33,075,902 
Basic net income/(loss) per common share $ 0.01  $ 0.06  $ 0.00  $ (0.13)

Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Six Months Ended September 30, 2021 Six Months Ended September 30, 2020
Diluted net income/(loss) per common share    
Net income/(loss) $ 477  $ 1,838  $ 137  $ (4,247)
Weighted-average common shares outstanding 33,328,568  33,164,921  33,268,825  33,075,902 
Common share equivalents:
Stock options —  3,376  1,667  — 
Restricted and performance stock units 264,256  249,357  186,085  — 
Weighted average shares outstanding – dilutive (1)
33,592,824  33,417,654  33,456,577  33,075,902 
Diluted net income/(loss) per common share(2)
$ 0.01  $ 0.06  $ 0.00  $ (0.13)
(1) For the three and six months ended September 30, 2021, 132,605 and 144,664 equity awards, respectively, were not included in the calculation of diluted net income/(loss) per common share, as they would have had an anti-dilutive effect. For the three and six months ended September 30, 2020, 256,444 and 283,764 respectively, were not included in the calculation of diluted net income/(loss) per common share, as they would have had an anti-dilutive effect.
(2) As the Company incurred a net loss for the six months ended September 30, 2020, there was no dilutive effect on net loss per common share as common share equivalents are antidilutive. Therefore, both basic and diluted net loss per common share were $(0.13) for the six months ended September 30, 2020.