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AVERAGE SHARE INFORMATION
3 Months Ended
Jun. 30, 2017
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,
 
 
2017
 
2016
Basic:
 
 
 
 
Weighted average common shares outstanding (denominator)
 
8,687,195

 
8,721,718

 
 
 
 
 
Diluted:
 
 

 
 

Weighted average common shares outstanding
 
8,687,195

 
8,721,718

Dilutive potential common shares stock options
 
139,400

 
48,656

Weighted average diluted shares outstanding (denominator)
 
8,826,595

 
8,770,374



Options to purchase 558,618 and 804,955 shares of common stock at various prices were outstanding during the three months ended June 30, 2017 and 2016 respectively, but were not included in the computation of diluted EPS because the option exercise price was anti-dilutive.