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Net Earnings Per Share
 3 Months Ended
Jun. 30, 2013
Net Earnings Per Share

NOTE 2 — 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
June 30		  
     2013      2012  

Numerator:

      

Net income

    $ 1,369       $ 3,840   
  

 

 

     

 

 

  

Denominator:

      

Denominator for basic earnings per share — weighted average shares

      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   
  

 

 

     

 

 

  

Basic and diluted earnings per share

    $ .05       $ .14