XML 26 R15.htm IDEA: XBRL DOCUMENT v3.20.2
AVERAGE SHARE INFORMATION
 6 Months Ended
Sep. 30, 2020
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 September 30,Six months ended September 30,
2020201920202019
Basic:  
Weighted average common shares outstanding (denominator)6,680,969 7,807,229 6,773,704 8,155,263 
Diluted:  
Weighted average common shares outstanding6,680,969 7,807,229 6,773,704 8,155,263 
Dilutive potential common shares172,456 394,368 116,561 376,749 
Weighted average diluted shares outstanding (denominator)6,853,425 8,201,597 6,890,265 8,532,012 

Options to purchase 637,322 and 655,462 shares of common stock at various prices were outstanding during the three months ended September 30, 2020 and 2019 respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares. 
Options to purchase 639,654 and 669,374 shares of common stock at various prices were outstanding during the six months ended September 30, 2020 and 2019 respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares.