AVERAGE SHARE INFORMATION

9 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

AVERAGE SHARE INFORMATION

AVERAGE SHARE INFORMATION

The following is a summary of the basic and diluted average common shares outstanding:

	Three months ended December 31,		Nine months ended December 31,
	2013	2012	2013	2012
Basic:
Weighted average common shares outstanding (denominator)	11,203,826	12,837,327	11,610,318	13,144,131
Diluted:
Weighted average common shares outstanding	11,203,826	12,837,327	11,610,318	13,144,131
Dilutive potential common shares stock options	388,812	262,962	359,748	287,137
Weighted average diluted shares outstanding (denominator)	11,592,638	13,100,289	11,970,066	13,431,268

Options to purchase 119,538 and 436,206 shares of common stock at various prices were outstanding during the three months ended December 31, 2013 and 2012 respectively, but were not included in the computation of diluted EPS because the option exercise price was antidilutive.  

Options to purchase 376,177 and 289,440 shares of common stock at various prices were outstanding during the nine months ended December 31, 2013 and 2012 respectively, but were not included in the computation of diluted EPS because the option exercise price was antidilutive.