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Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2017

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)
		2017				2016				2017				2016
Numerator:
Net income		$	344			$	1,970			$	1,157			$	4,873
Less: Allocation of earnings to participating securities			(4	)			(26	)			(14	)			(57	)

Net income allocated to common stock			340				1,944				1,143				4,816

Basic earnings per share computation:
Net income allocated to common stock		$	340			$	1,944			$	1,143			$	4,816

Weighted average common shares outstanding, including shares considered participating securities			7,847				7,774				7,834				7,763
Less: Weighted average participating securities outstanding			(106	)			(102	)			(98	)			(91	)

Weighted average shares of common stock			7,741				7,672				7,736				7,672

Basic earnings per share		$	0.04			$	0.25			$	0.15			$	0.63

Diluted earnings per share computation:
Net income allocated to common stock		$	340			$	1,944			$	1,143			$	4,816
Undistributed earnings re-allocated to participating securities			—				—				—				—

Numerator for diluted earnings per share		$	340			$	1,944			$	1,143			$	4,816

Weighted average common shares outstanding for basic earnings per share			7,741				7,672				7,736				7,672
Incremental shares from stock options			45				61				48				61

Weighted average shares and dilutive potential common shares			7,786				7,733				7,784				7,733

Diluted earnings per share		$	0.04			$	0.25			$	0.15			$	0.62