Three months ended
December 31,

Nine months ended
December 31,

2014

2013

2014

2013

Numerator for earnings per share – net income

$

3,769,556

$

3,826,768

$

13,008,445

$

13,843,813

Denominator:

Denominator for basic earnings per share – weighted average shares

12,197,125

12,108,988

12,188,778

12,088,835

Effect of dilutive securities:

Stock options and other share awards

178,214

225,191

183,220

197,136

Denominator for diluted earnings per share

12,375,339

12,334,179

12,371,998

12,285,971

Earnings per share:

Basic

$

0.31

$

0.32

$

1.07

$

1.15

Diluted

$

0.30

$

0.31

$

1.05

$

1.13