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AVERAGE SHARE INFORMATION
 6 Months Ended
Sep. 30, 2021
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,
2021202020212020
Basic:  
Weighted average common shares outstanding (denominator)6,083,255 6,680,969 6,120,665 6,773,704 
Diluted:  
Weighted average common shares outstanding6,083,255 6,680,969 6,120,665 6,773,704 
Dilutive potential common shares329,824 172,456 313,546 116,561 
Weighted average diluted shares outstanding (denominator)6,413,079 6,853,425 6,434,211 6,890,265 

Options to purchase 426,382 and 637,322 shares of common stock at various prices were outstanding during the three months ended September 30, 2021 and 2020 respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares. 
Options to purchase 459,785 and 639,654 shares of common stock at various prices were outstanding during the six months ended September 30, 2021 and 2020 respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares.