AVERAGE SHARE INFORMATION

6 Months Ended

Sep. 30, 2016

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



	Three months ended September 30,		Six months ended September 30,
	2016	2015	2016	2015
Basic:
Weighted average common shares outstanding (denominator)	8,727,238	8,621,388	8,724,493	8,605,107

Diluted:
Weighted average common shares outstanding	8,727,238	8,621,388	8,724,493	8,605,107
Dilutive potential common shares stock options	77,346	27,236	63,002	75,275
Weighted average diluted shares outstanding (denominator)	8,804,584	8,648,624	8,787,495	8,680,382

Options to purchase 935,480 and 933,626 shares of common stock at various prices were outstanding during the three months ended September 30, 2016 and 2015 respectively, but were not included in the computation of diluted EPS because the option exercise price was anti-dilutive.

Options to purchase 1,021,127 and 877,081 shares of common stock at various prices were outstanding during the six months ended September 30, 2016 and 2015 respectively, but were not included in the computation of diluted EPS because the option exercise price was anti-dilutive.