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Net Earnings Per Share (Tables)
12 Months Ended
Mar. 31, 2013
Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended March 31, 2013 and March 31, 2012:

 

     2013      2012  
     (In thousands, except per share data)  

Numerator:

     

Net income for basic and diluted earnings per share

   $ 5,999       $ 10,634   
  

 

 

    

 

 

 

Denominator:

     

Denominator for basic earnings per share — weighted average shares

     27,130         27,130   

Effect of dilutive securities on denominator:

     

Options

     —           —     
  

 

 

    

 

 

 

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

     27,130         27,130   
  

 

 

    

 

 

 

Net income per share:

     

Basic and diluted loss per share

   $ .22       $ .39