Net Earnings Per Share

12 Months Ended

Mar. 31, 2014

Net Earnings Per Share

NOTE 11 — NET EARNINGS PER SHARE:

The following table sets forth the computation of basic and diluted earnings per share for the years ended March 31, 2014 and March 31, 2013:

	2014		2013
	(In thousands, except per share data)
Numerator:
Net income for basic and diluted earnings per share	$	1,317	$	5,999
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 income per share	$	.05	$	.22

For the year ended March 31, 2014, there were no outstanding instruments which were potentially dilutive.