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Net Income per Share (Tables)
9 Months Ended
Dec. 31, 2021
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
December 31,
   
Nine Months Ended
December 31,
 
 
 
2021
   
2020
   
2021
   
2020
 
Net income
 
$
3,139,000
   
$
8,469,000
 
$
7,683,000
   
$
20,641,000
 
Basic shares
   
19,184,339
     
19,053,232
     
19,124,824
     
19,016,302
 
Effect of potentially dilutive securities
   
359,835
     
383,561
     
479,956
     
317,456
 
Diluted shares
   
19,544,174
     
19,436,793
     
19,604,780
     
19,333,758
 
Net income per share:
                               
Basic net income per share
 
$
0.16
   
$
0.44
 
$
0.40
   
$
1.09
 
Diluted net income per share
 
$
0.16
   
$
0.44
 
$
0.39
   
$
1.07