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Net Income per Share (Tables)
6 Months Ended
Sep. 30, 2020
Net Income per Share [Abstract]  
Reconciliation of Basic and Diluted Net Income Per Share
The following presents a reconciliation of basic and diluted net income per share:

 
 
Three Months Ended
September 30,
   
Six Months Ended
September 30,
 
 
 
2020
   
2019
   
2020
   
2019
 
Net income
 
$
15,184,000
   
$
6,189,000
   
$
12,172,000
   
$
38,000
 
Basic shares
   
19,022,414
     
18,903,182
     
18,999,461
     
18,862,901
 
Effect of potentially dilutive securities
   
322,897
     
314,145
     
290,304
     
383,698
 
Diluted shares
   
19,345,311
     
19,217,327
     
19,289,765
     
19,246,599
 
Net income per share:
                               
                                 
Basic net income per share
 
$
0.80
   
$
0.33
   
$
0.64
   
$
0.00
 
                                 
Diluted net income per share
 
$
0.78
   
$
0.32
   
$
0.63
   
$
0.00