XML 37 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Schedule of property and equipment estimated useful lives

Automobiles

    3 years

Equipment

    5 years

Furniture and fixtures

    7 years

Leasehold improvements

    Lesser of lease term or useful life (generally 6 -7 years)
Schedule of computation of basic and diluted earnings per share
     Fiscal Year ended March 31,
(In thousands, except earnings per
share numbers)		  
     2017      2016      2015  

Numerator:

         

Net income per consolidated statements of income

    $ 5,409      $ 12,379      $ 16,856  

Less: Allocation of earnings to participating securities

      (70 )       (170 )       —    
  

 

 

     

 

 

     

 

 

  

Net income allocated to common stock

      5,339        12,209      $ 16,856  
  

 

 

     

 

 

     

 

 

  

Basic earnings per share computation:

         

Net income allocated to common stock

    $ 5,339      $ 12,209      $ 16,856  
  

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding, including shares considered participating securities

      7,766        7,727        12,013  

Less: Weighted average participating securities outstanding

      (102 )       (105 )       —    
  

 

 

     

 

 

     

 

 

  

Weighted average shares of common stock

      7,664        7,622        12,013  
  

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ .70      $ 1.60        1.40  
  

 

 

     

 

 

     

 

 

  

Diluted earnings per share computation:

         

Net income allocated to common stock

    $ 5,339      $ 12,209      $ 16,856  

Undistributed earnings re-allocated to participating securities

      —          2        —    
  

 

 

     

 

 

     

 

 

  

Numerator for diluted earnings per share

    $ 5,339      $ 12,211      $ 16,856  

Weighted average common shares outstanding for basic earnings per share

      7,664        7,622        12,013  

Incremental shares from stock options

      62        70        179  
  

 

 

     

 

 

     

 

 

  

Weighted average shares and dilutive potential common shares

      7,726        7,692        12,192  
  

 

 

     

 

 

     

 

 

  

Diluted earnings per share

    $ .69      $ 1.59      $ 1.38