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Net Income Per Share
 3 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Net Income Per Share
Note 2: Net Income Per Share
 
In accordance with the provisions of ASC Topic 260 (“Earnings Per Share”) basic net income per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per common share includes the dilutive effect of potential restricted stock and the effects of the potential conversion of preferred shares, calculated using the treasury stock method. Outstanding restricted stock and convertible preferred shares issued by the Company represent the only dilutive effect reflected in diluted weighted average shares outstanding.
 
The following is a reconciliation of the numerators and denominators of the basic and diluted net income per share computations for the periods presented (in thousands, except for per share amounts):
 
Three Months Ended June 30,
2012
2011
Net income (numerator):
Net income
 $ 3,952 $ 4,837
Shares (denominator):
 
Weighted average number of common shares outstanding used in basic computation
 20,119 21,648
 
Common shares issuable upon vesting of restricted stock
 116 109
 
Common shares issuable upon conversion of preferred shares
 10 10
Shares used in diluted computation
 20,245 21,767
Net income per common share:
Basic
 $ 0.20 $ 0.22
Diluted
 $ 0.20 $ 0.22
 
At June 30, 2012 and 2011, all common restricted stock were included in the diluted net income per common share computation.