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Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per share


		Three months ended September 30, (In thousands, except per share amounts)								Six months ended September 30, (In thousands, except per share amounts)
		2016				2015				2016				2015
Numerator:
Net income per consolidated statements of income		$	1,970			$	3,256			$	4,873			$	6,926
Less: Allocation of earnings to participating securities			(26	)			—				(57	)			—

Net income allocated to common stock			1,944			$	3,256				4,816			$	6,926

Basic earnings per share computation:
Net income allocated to common stock		$	1,944			$	3,256			$	4,816			$	6,926

Weighted average common shares outstanding, including shares considered participating securities			7,774				7,622				7,763				7,619
Less: Weighted average participating securities outstanding			(102	)			—				(91	)			—

Weighted average shares of common stock			7,672				7,622				7,672				7,619

Basic earnings per share		$	0.25				0.43			$	0.63				0.91

Diluted earnings per share computation:
Net income allocated to common stock		$	1,944			$	3,256			$	4,816			$	6,926
Undistributed earnings re-allocated to participating securities			—				—				—				—

Net income allocated to common stock		$	1,944			$	3,256			$	4,816			$	6,926
Weighted average common shares outstanding for basic earnings per share			7,672				7,622				7,672				7,619
Incremental shares from stock options			61				130				61				129

Weighted average shares and dilutive potential common shares			7,733				7,752				7,733				7,748

Diluted earnings per share		$	0.25			$	0.42			$	0.62			$	0.89