Three months ended
September 30,

Six months ended
September 30,

2012

2011

2012

2011

Numerator:

Net income

$

1,947

$

1,763

$

5,787

$

5,100

Denominator:

Denominator for basic earnings per share — weighted average shares

27,130

Effect of dilutive securities on denominator:

Options (computed using the treasury stock method)

—

Denominator for diluted earnings per share — weighted average shares and assumed conversions

27,130

Basic and diluted earnings per share

$

.07

$

.06

$

.21

$

.19