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Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
9 Months Ended
Dec. 31, 2015
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted

 

 

 

Three Months Ended December 31,

 

 

Nine Months Ended

December 31,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Basic EPS computation:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator-net income

$

1,706,000

 

$

1,149,000

 

$

4,953,000

 

$

2,973,000

 

Denominator-weighted average common shares outstanding

 

22,455,543

 

 

22,394,910

 

 

22,446,463

 

 

22,388,775

 

Basic EPS

$

0.08

 

$

0.05

 

$

0.22

 

$

0.13

 

Diluted EPS computation:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator-net income

$

1,706,000

 

$

1,149,000

 

$

4,953,000

 

$

2,973,000

 

Denominator-weighted average common shares outstanding

 

22,455,543

 

 

22,394,910

 

 

22,446,463

 

 

22,388,775

 

Effect of dilutive stock options

 

50,798

 

 

44,285

 

 

45,083

 

 

32,555

 

Weighted average common shares and common stock equivalents

 

22,506,341

 

 

22,439,195

 

 

22,491,546

 

 

22,421,330

 

Diluted EPS

$

0.08

 

$

0.05

 

$

0.22

 

$

0.13