Net Income (Loss) Per Share
12 Months Ended
Mar. 31, 2015
Earnings Per Share Reconciliation [Abstract]  
Net Income (Loss) Per Share
(17)  NET INCOME PER SHARE
The following table summarizes the computations of basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). Basic EPS is computed as net income divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans including stock options, restricted stock, restricted stock units, common stock through our ESPP, warrants, and other convertible securities using the treasury stock method.
 
 
Year Ended March 31,
(In millions, except per share amounts)
2015
 
2014
 
2013
Net income
$
875

 
$
8

 
$
98

Shares used to compute net income per share:
 
 
 
 
 
Weighted-average common stock outstanding — basic
311

 
308

 
310

Dilutive potential common shares related to stock award plans and from assumed exercise of stock options
9

 
8

 
3

Dilutive potential common shares related to the Notes
4

 

 

Dilutive potential common shares related to the Warrants
1

 

 

Weighted-average common stock outstanding — diluted
325

 
316

 
313

Net income per share:
 
 
 
 
 
Basic
$
2.81

 
$
0.03

 
$
0.32

Diluted
$
2.69

 
$
0.03

 
$
0.31


For the fiscal years ended March 31, 2015, 2014 and 2013, stock options to purchase, restricted stock units and restricted stock to be released in the amount of 3 million shares, 4 million shares and 15 million shares, respectively, were excluded from the treasury stock method computation of diluted shares as their inclusion would have had an antidilutive effect.
For the fiscal years ended March 31, 2014 and 2013, potentially dilutive shares of common stock related to our 0.75% Convertible Senior Notes due 2016 issued during the fiscal year 2012, which have a conversion price of $31.74 per share and the associated Warrants, which have a conversion price of $41.14 per share, were excluded from the computation of Diluted EPS as their inclusion would have had an antidilutive effect resulting from the conversion price. The associated Convertible Note Hedge was excluded from the computation of diluted shares as the impact is always considered antidilutive. See Note 12 for additional information related to our 0.75% Convertible Senior Notes due 2016 and related Convertible Note Hedge and Warrants.