Net Earnings Per Share

6 Months Ended

Sep. 30, 2015

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 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