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Income Per Share | 6 Months Ended
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Sep. 30, 2019
Earnings Per Share [Abstract] |
Income Per Share | NOTE 7 – INCOME PER SHARE: Basic income per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted income per share is calculated by dividing net income by the weighted average number of common shares outstanding and, when applicable, potential common shares outstanding during the period. A reconciliation of the numerators and denominators of basic and diluted income per share is presented below:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Basic income per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 1,205 |  |  | $ | 1,827 |  |  | $ | 1,287 |  |  | $ | 4,150 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 9,883 |  |  |  | 9,832 |  |  |  | 9,869 |  |  |  | 9,810 |
Basic income per share |  | $ | .12 |  |  | $ | .19 |  |  | $ | .13 |  |  | $ | .42 |
Diluted income per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 1,205 |  |  | $ | 1,827 |  |  | $ | 1,287 |  |  | $ | 4,150 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 9,883 |  |  |  | 9,832 |  |  |  | 9,869 |  |  |  | 9,810 |
Stock options outstanding |  |  | 2 |  |  |  | 16 |  |  |  | 3 |  |  |  | 16 |
Weighted average common and potential common shares outstanding |  |  | 9,885 |  |  |  | 9,848 |  |  |  | 9,872 |  |  |  | 9,826 |
Diluted income per share |  | $ | .12 |  |  | $ | .19 |  |  | $ | .13 |  |  | $ | .42 |
Options to purchase a total of 4 shares of common stock were outstanding at September 30, 2019, but were not included in the above computation of diluted income per share given their exercise prices as they would not be dilutive upon issuance.

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- References No definition available. + Details
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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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