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Note 14 - Quarterly Results (unaudited)
12 Months Ended
Mar. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

Note 14. Quarterly Results (unaudited)


Quarterly financial information for the years ended March 31, 2014, 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):


2014

 

First

Quarter

   

Second

Quarter

   

Third

Quarter

   

Fourth

Quarter

 

Revenues

  $ 11,218     $ 12,676     $ 13,116     $ 15,714  

Gross profit

    6,797       7,600       7,706       9,585  

Net income

    1,860       1,932       1,746       3,462  

Net Income per share – basic

  $ 0.55     $ 0.57     $ 0.51     $ 1.00  

Net Income per share – diluted

    0.52       0.54       0.48       0.95  

2013

 

First

Quarter

   

Second

Quarter

   

Third

Quarter

   

Fourth

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  

2012

 

First

Quarter

   

Second

Quarter

   

Third

Quarter

   

Fourth

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