AVERAGE SHARE INFORMATION

3 Months Ended

Jun. 30, 2023

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,
	2023	2022
Basic:
Weighted average common shares outstanding (denominator)	5,772,733	5,740,835
Diluted:
Weighted average common shares outstanding	5,772,733	5,740,835
Dilutive potential common shares2	118,566	—
Weighted average diluted shares outstanding (denominator)	5,891,299	5,740,835

Options to purchase 309,371 and 341,880 shares of common stock at various prices were outstanding during the three months ended June 30, 2023 and 2022, respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares.