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Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
3 Months Ended
Jun. 30, 2015
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted

 

 

 

 

Three Months Ended

June 30,

 

 

 

2015

 

 

2014

 

Basic EPS computation:

 

 

 

 

 

 

Numerator-net income

$

1,595,000

 

$

740,000

 

Denominator-weighted average common shares outstanding

 

22,434,327

 

 

22,382,595

 

Basic EPS

$

0.07

 

$

0.03

 

Diluted EPS computation:

 

 

 

 

 

 

Numerator-net income

$

1,595,000

 

$

740,000

 

Denominator-weighted average common shares outstanding

 

22,434,327

 

 

22,382,595

 

Effect of dilutive stock options

 

42,679

 

 

26,180

 

 

 

 

 

 

 

 

Weighted average common shares and common stock equivalents

 

22,477,006

 

 

22,408,775

 

Diluted EPS

$

0.07

 

$

0.03