AVERAGE SHARE INFORMATION

3 Months Ended

Jun. 30, 2016

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,
	2016	2015
Basic:
Weighted average common shares outstanding (denominator)	8,721,718	8,588,647
Diluted:
Weighted average common shares outstanding	8,721,718	8,588,647
Dilutive potential common shares stock options	48,656	123,313
Weighted average diluted shares outstanding (denominator)	8,770,374	8,711,960

Options to purchase 804,955 and 415,372 shares of common stock at various prices were outstanding during the three months ended June 30, 2016 and 2015 respectively, but were not included in the computation of diluted EPS because the option exercise price was anti-dilutive.