Net Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2015

Computation of Basic and Diluted 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 September 30,					Six months ended September 30,
	2015			2014		2015			2014
Numerator:
Net (loss) income	$	(710	)	$	47	$	(589	)	$	698
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 (loss) earnings per share	$	(.03	)	$	.00	$	(.02	)	$	.03