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Quarterly Results (unaudited) (Tables)
12 Months Ended
Mar. 31, 2013
Quarterly Results (unaudited)  
Schedule of quarterly financial information

Quarterly financial information for the years ended March 31, 2013 and 2012 is summarized as follows (net income per share per quarter will not add up to reported annual earnings per share due to differences in average outstanding shares as reported on a quarterly basis) (in thousands, except per share data):

 

 

 

First

 

Second

 

Third

 

Fourth

 

2013

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Revenues

 

$

10,560

 

$

11,706

 

$

11,361

 

$

12,808

 

Gross profit

 

6,456

 

7,248

 

6,947

 

8,211

 

Net income

 

2,100

 

2,248

 

1,543

 

2,559

 

Net Income per share — basic

 

$

0.63

 

$

0.67

 

$

0.46

 

$

0.76

 

Net Income per share — diluted

 

0.59

 

0.64

 

0.44

 

0.71

 

 

 

 

First

 

Second

 

Third

 

Fourth

 

2012

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Revenues

 

$

9,297

 

$

9,702

 

$

9,649

 

$

10,968

 

Gross profit

 

5,388

 

5,774

 

5,885

 

6,464

 

Net income

 

1,679

 

2,054

 

1,987

 

2,199

 

Net Income per share — basic

 

$

0.51

 

$

0.63

 

$

0.60

 

$

0.67

 

Net Income per share — diluted

 

0.49

 

0.59

 

0.57

 

0.64

 

 

 

 

First

 

Second

 

Third

 

Fourth

 

2011

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Revenues

 

$

7,778

 

$

8,072

 

$

8,000

 

$

10,377

 

Gross profit

 

4,381

 

4,552

 

4,440

 

6,195

 

Net income

 

1,320

 

1,429

 

1,258

 

2,176

 

Net Income per share — basic

 

$

0.41

 

$

0.44

 

$

0.39

 

$

0.67

 

Net Income per share — diluted

 

0.40

 

0.43

 

0.37

 

0.64