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Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
12 Months Ended
Mar. 31, 2014
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted

 

 

Year Ended March 31,

 

(Dollars and share data in thousands, except per share data)

 

2014

 

 

2013

 

 

2012 (1)

 

Basic EPS computation:

 

 

 

 

 

 

 

 

 

Numerator-net income (loss)

$

19,423

 

$

2,633

 

$

(31,657

)

Denominator-weighted average common shares outstanding

 

22,367

 

 

22,343

 

 

22,318

 

Basic EPS

$

0.87

 

$

0.12

 

$

(1.42

)

Diluted EPS computation:

 

 

 

 

 

 

 

 

 

Numerator-net income (loss)

$

19,423

 

$

2,633

 

$

(31,657

)

Denominator-weighted average common shares outstanding

 

22,367

 

 

22,343

 

 

22,318

 

Effect of dilutive stock options

 

2

 

 

-

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares and common stock equivalents (1)

 

22,369

 

 

22,343

 

 

22,318

 

Diluted EPS

$

0.87

 

$

0.12

 

$

(1.42

)

 (1) For the year ended March 31, 2012 the Company recognized a net loss and therefore all outstanding stock options were excluded from the calculation of diluted earnings per share because they were antidilutive.