Three months ended
September 30,

Six months ended
September 30,

2014

2013

2014

2013

Numerator for earnings per share – net income

$

4,329,701

$

4,316,552

$

9,238,889

$

10,017,045

Denominator:

Denominator for basic earnings per share – weighted average shares

12,190,800

12,092,246

12,184,581

12,078,703

Effect of dilutive securities:

Stock options and other share awards

173,903

222,995

186,254

194,879

Denominator for diluted earnings per share

12,364,703

12,315,241

12,370,835

12,273,582

Earnings per share:

Basic

$

0.36

$

0.36

$

0.76

$

0.83

Diluted

$

0.35

$

0.35

$

0.75

$

0.82