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AVERAGE SHARE INFORMATION

6 Months Ended

Sep. 30, 2019

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



	Three months ended September 30,		Six months ended September 30,
	2019	2018	2019	2018
Basic:
Weighted average common shares outstanding (denominator)	7,807,229	9,072,160	8,155,263	9,063,524

Diluted:
Weighted average common shares outstanding	7,807,229	9,072,160	8,155,263	9,063,524
Dilutive potential common shares securities	394,368	220,726	376,749	209,580
Weighted average diluted shares outstanding (denominator)	8,201,597	9,292,886	8,532,012	9,273,104

Options to purchase 655,462 and 468,253 shares of common stock at various prices were outstanding during the three months ended September 30, 2019 and 2018 respectively, but were not included in the computation of diluted EPS because the option exercise price exceeded the market value of the shares.

Options to purchase 669,374 and 477,357 shares of common stock at various prices were outstanding during the six months ended September 30, 2019 and 2018 respectively, but were not included in the computation of diluted EPS because the option exercise price exceeded the market value of the shares.