Net Income per Share

9 Months Ended

Dec. 31, 2011

Net Income per Share [Abstract]

Net Income per Share

NOTE 4. NET INCOME PER SHARE
     Net income per basic share is computed based on the weighted-average number of common shares issued and outstanding during each period. Net income per diluted share amounts assume conversion, exercise or issuance of all potential common stock instruments (stock options and warrants). Stock options and warrants totaling 5,000 for the quarter and nine months ended December 31, 2011, and 1,000 for the quarter and nine months ended December 31, 2010 were not included in the computation of diluted earnings per share because the exercise prices of the options and warrants were greater than the market price of the common stock. The following table reflects the components of common shares outstanding:

	Quarter Ended Dec. 31
	2011	2010
Weighted average common shares outstanding – basic	4,807,859	4,743,643
Effect of dilutive securities:
Stock options	58,502	115,789
Warrants	7,068	7,185
Shares used in computing net income per share – diluted	4,873,429	4,866,617

	Nine Months Ended Dec. 31
	2011	2010
Weighted average common shares outstanding – basic	4,786,790	4,714,989
Effect of dilutive securities:
Stock options	58,502	115,789
Warrants	7,068	7,185
Shares used in computing net income per share – diluted	4,852,360	4,837,963

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