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Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
3 Months Ended
Jun. 30, 2016
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted

 

 

 

 

Three Months Ended

June 30,

 

 

2016

 

 

2015

Basic EPS computation:

 

 

 

 

 

Numerator-net income

$

1,697,000

 

$

1,595,000

Denominator-weighted average common shares outstanding

 

22,467,861

 

 

22,434,327

Basic EPS

$

0.08

 

$

0.07

Diluted EPS computation:

 

 

 

 

 

Numerator-net income

$

1,697,000

 

$

1,595,000

Denominator-weighted average common shares outstanding

 

22,467,861

 

 

22,434,327

Effect of dilutive stock options

 

46,374

 

 

42,679

 

 

 

 

 

 

Weighted average common shares and common stock equivalents

 

22,514,235

 

 

22,477,006

Diluted EPS

$

0.08

 

$

0.07