8x8 2014 Annual Report Download - page 65

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NET INCOME PER SHARE
Basic net income per share is computed by dividing net income available to common stockholders (numerator) by the weighted average number
of vested, unrestricted common shares outstanding during the period (denominator). Diluted net income per share is computed on the basis of the
weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the
treasury stock method. Dilutive potential common shares include outstanding stock options and employee restricted purchase rights.
The following shares attributable to outstanding stock options, restricted purchase rights and warrants were excluded from the calculation of
diluted earnings per share because their inclusion would have been antidilutive (in thousands):
60
Years Ended March 31,
2014
2013
2012
(In Thousands, Except Per Share Amounts)
Numerator:
Income from continuing operations
$
1,598
$
13,450
$
70,680
Income (loss) from discontinued operations, net
of income tax provision
916
489
(1,452)
Net income available to common stockholders
$
2,514
$
13,939
$
69,228
Denominator:
Common shares
78,310
71,390
66,413
Denominator for basic calculation
78,310
71,390
66,413
Employee stock options
2,927
2,958
3,327
Employee restricted purchase rights
421
352
409
Denominator for diluted calculation
81,658
74,700
70,149
Income per share
-
continuing operations:
Basic
$
0.02
$
0.19
$
1.06
Diluted
$
0.02
$
0.18
$
1.01
Income (loss) per share
-
discontinued operations:
Basic
$
0.01
$
0.01
$
(0.02)
Diluted
$
0.01
$
0.01
$
(0.02)
Net income per share:
Basic
$
0.03
$
0.20
$
1.04
Diluted
$
0.03
$
0.19
$
0.99
Years Ended March 31,
2014
2013
2012
Common stock options
750
953
435
Stock purchase rights
18
16
73
768
969
508