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AVERAGE SHARE INFORMATION
 3 Months Ended
Jun. 30, 2014
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 June 30,
 
2014
 
2013
Basic:
 
 
 
Weighted average common shares outstanding (denominator)
10,001,196

 
12,002,061

 
 
 
 
Diluted:
 

 
 

Weighted average common shares outstanding
10,001,196

 
12,002,061

Dilutive potential common shares stock options
288,559

 
340,629

Weighted average diluted shares outstanding (denominator)
10,289,755

 
12,342,690



Options to purchase 575,240 and 556,692 shares of common stock at various prices were outstanding during the three months ended June 30, 2014 and 2013 respectively, but were not included in the computation of diluted EPS because the option exercise price was antidilutive.