Note 17 - Quarterly Results (unaudited)

12 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Quarterly Financial Information [Text Block]

Note

Quarterly Results (unaudited)

Quarterly financial information for the years ended

March 31, 2017,

2016

and

2015

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
2017	Quarter		Quarter		Quarter		Quarter
Revenues	$	21,114	$	24,409	$	23,843	$	24,299
Gross profit		12,014		13,724		13,537		13,964
Net income		1,930		2,358		3,252		3,643
Net Income per share – basic	$	0.53	$	0.64	$	0.88	$	0.98
Net Income per share – diluted		0.51		0.62		0.84		0.94

	First		Second		Third		Fourth
201 6	Quarter		Quarter		Quarter		Quarter
Revenues	$	18,158	$	21,776	$	19,913	$	24,812
Gross profit		11,141		13,067		12,209		14,996
Net income		2,755		1,826		2,597		3,991
Net Income per share – basic	$	0.77	$	0.51	$	0.72	$	1.10
Net Income per share – diluted		0.74		0.48		0.69		1.06

	First		Second		Third		Fourth
201 5	Quarter		Quarter		Quarter		Quarter
Revenues	$	16,400	$	18,540	$	17,830	$	18,560
Gross profit		9,705		11,123		11,052		11,512
Net income		1,881		3,060		2,403		2,239
Net Income per share – basic	$	0.54	$	0.87	$	0.68	$	0.63
Net Income per share – diluted		0.51		0.84		0.66		0.61