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Note 8 - Stockholders' Equity
 12 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
Note
8
.
Stockholders' Equity
 
Under applicable law, Colorado corporations are
not
permitted to retain treasury stock. The price paid for repurchased shares is allocated between common stock and retained earnings, based on management’s estimate of the original sales price of the underlying shares.
 
In
November 2005,
our Board of Directors approved a program to repurchase up to
300,000
shares of our outstanding common stock. Under the program, shares of common stock
may
be purchased from time to time in the open market at prevailing prices or in negotiated transactions off the market. Shares of common stock purchased will be cancelled and repurchases of shares of common stock will be funded through existing cash reserves. There were
no
repurchases of our shares of common stock under this plan during the years ended
March 31, 2018,
2017
and
2016.
As of
March 31, 2018,
we have purchased
162,486
shares under this plan.
 
Dividends per share paid by quarter were as follows:
 
   
Year E
nded March 31,
  
   
201
8
    
201
7
    
201
6
  
First quarter
   $
0.16
     $
0.16
     $
0.16
  
Second quarter
    
0.16
      
0.16
      
0.16
  
Third quarter
    
0.16
      
0.16
      
0.16
  
Fourth quarter
    
0.16
      
0.16
      
0.16