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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues $ 22,954 $ 24,409 $ 45,627 $ 45,523
Cost of revenues 9,721 10,685 19,723 19,785
Gross profit 13,233 13,724 25,904 25,738
Operating expenses        
Selling 2,288 2,694 4,967 5,118
General and administrative 6,412 5,973 13,269 11,953
Research and development 885 1,045 2,038 2,080
Total operating expenses 9,585 9,712 20,274 19,151
Operating income 3,648 4,012 5,630 6,587
Other expense, net 542 800 1,221 1,206
Earnings before income taxes 3,106 3,212 4,409 5,381
Income taxes 753 854 539 1,093
Net income $ 2,353 $ 2,358 $ 3,870 $ 4,288
Net income per share:        
Basic (in dollars per share) $ 0.63 $ 0.64 $ 1.03 $ 1.17
Diluted (in dollars per share) $ 0.60 $ 0.62 $ 0.98 $ 1.12
Weighted average common shares outstanding:        
Basic (in shares) 3,764 3,669 3,754 3,657
Diluted (in shares) 3,935 3,831 3,934 3,816