Basic and Diluted (Loss) Earnings Per Share

9 Months Ended

Dec. 31, 2011

Basic and Diluted (Loss) Earnings Per Common Share

The following is the reconciliation of the numerators and denominators of the basic and diluted net (loss) income per common share calculations:



	Three Months Ended December 31,
	2011			2010
Net loss	$	(3,359	)	$	(273	)
Weighted average number of shares issued	30,438,339			30,165,311
Weighted average number of treasury shares	(9,668,977		)	(9,668,977		)
Weighted average number of shares outstanding used in basic earnings per share calculation	20,769,362			20,496,334
Basic net loss per common share	$	(0.16	)	$	(0.01	)
Weighted average number of shares outstanding used in basic earnings per share calculation	20,769,362			20,496,334
Effect of dilutive securities:
Stock options and warrants	—			—
Weighted average number of shares outstanding used in diluted earnings per share calculation	20,769,362			20,496,334
Diluted net loss per common share (1)	$	(0.16	)	$	(0.01	)
Antidilutive securities not included in diluted earnings per share computation:
Options and warrants to purchase common stock	7,191,775			7,333,475
Exercise price	$0.82 to $5.55			$0.82 to $5.55



	Nine Months Ended December 31,
	2011			2010
Net (loss) income	$	(2,911	)	$	1,058
Weighted average number of shares issued	30,430,788			30,156,293
Weighted average number of treasury shares	(9,668,977		)	(9,668,977		)
Weighted average number of shares outstanding used in basic earnings per share calculation	20,761,811			20,487,316
Basic net (loss) income per common share	$	(0.14	)	$	0.05
Weighted average number of shares outstanding used in basic earnings per share calculation	20,761,811			20,487,316
Effect of dilutive securities:
Stock options and warrants	—			87,197
Weighted average number of shares outstanding used in diluted earnings per share calculation	20,761,811			20,574,513
Diluted net (loss) income per common share (1)	$	(0.14	)	$	0.05
Antidilutive securities not included in diluted earnings per share computation:
Options and warrants to purchase common stock	7,191,775			6,765,094
Exercise price	$0.82 to $5.55			$3.30 to $5.55

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(1)	The number of shares utilized in the calculation of diluted loss per share was the same as those used in the basic calculation of net loss per share for the three and nine-months ended December 31, 2011, and for the nine-months ended December 31, 2010, as the Company incurred a net loss for these periods.

PARLUX FRAGRANCES INC 10-Q