Net Earnings Per Share

9 Months Ended

Dec. 31, 2012

Net Earnings Per Share

NOTE 3 — NET EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three months ended December 31,				Nine months ended December 31,
	2012		2011		2012		2011
Numerator:
Net income	$	1,693	$	3,171	$	7,480	$	8,271
Denominator:
Denominator for basic earnings per share — weighted average shares		27,130		27,130		27,130		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		27,130		27,130		27,130
Basic and diluted earnings per share	$	.06	$	.12	$	.28	$	.30