AVERAGE SHARE INFORMATION

9 Months Ended

Dec. 31, 2015

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



	Three months ended December 31,		Nine months ended December 31,
	2015	2014	2015	2014
Basic:
Weighted average common shares outstanding (denominator)	8,657,675	9,043,190	8,624,617	9,225,205

Diluted:
Weighted average common shares outstanding	8,657,675	9,043,190	8,624,617	9,225,205
Dilutive potential common shares stock options	36,376	165,618	62,308	165,828
Weighted average diluted shares outstanding (denominator)	8,694,051	9,208,808	8,686,925	9,391,033

Options to purchase 848,245 and 558,620 shares of common stock at various prices were outstanding during the three months ended December 31, 2015 and 2014 respectively, but were not included in the computation of diluted EPS because the option exercise price was anti-dilutive.

Options to purchase 842,471 and 595,724 shares of common stock at various prices were outstanding during the nine months ended December 31, 2015 and 2014 respectively, but were not included in the computation of diluted EPS because the option exercise price was anti-dilutive.