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EARNINGS PER SHARE (Tables)

6 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE

Schedule of basic and diluted earnings per share

		Three Months Ended						Six Months Ended
		September 30,						September 30,
		2019			2018			2019			2018
Basic EPS computation:
Numerator-net income		$	4,534,000		$	4,229,000		$	8,726,000		$	8,671,000
Denominator-weighted average common shares outstanding			22,643,103			22,579,839			22,631,406			22,575,009
Basic EPS		$	0.20		$	0.19		$	0.39		$	0.38
Diluted EPS computation:
Numerator-net income		$	4,534,000		$	4,229,000		$	8,726,000		$	8,671,000
Denominator-weighted average common shares outstanding			22,643,103			22,579,839			22,631,406			22,575,009
Effect of dilutive stock options  and restricted stock			59,593			78,898			62,661			80,288
Weighted average common shares and common stock equivalents			22,702,696			22,658,737			22,694,067			22,655,297
Diluted EPS		$	0.20		$	0.19		$	0.38		$	0.38

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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