We compute basic net income (loss) per common share by dividing net income (loss) by the weighted-average number of common shares outstanding. Diluted net income per common share utilizing the treasury stock and if-converted methods is based upon the weighted-average number of common shares and dilutive potential common share equivalents outstanding during the period. For periods in which we have generated a net loss, diluted net loss per common share is the same as basic net loss per common share, as the inclusion of potentially dilutive common shares would be anti-dilutive.

The following table sets forth the potential common shares (prior to consideration of the treasury stock or if-converted methods) excluded from the calculation of diluted net loss per common share because their inclusion would be anti-dilutive:


	As of March 31,
(In thousands)	2025	2024
Options to purchase common stock, inclusive of performance-based stock options	4,939	7,538
Unvested restricted stock units, inclusive of performance-based restricted stock units	3,103	3,150
Convertible debt	3,616	3,616
Total	11,658	14,304