Note 4 - Net Income Per Share

9 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

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 exercise of all stock options. The following tables show the components of diluted shares:
 

	Quarter Ended Dec. 31
	2018		2017
Weighted average common shares outstanding – basic		4,845,010		4,841,369
Dilutive effect of stock options		5,497		5,921
Shares used in computing net income per share – diluted		4,850,507		4,847,290

	Nine Months Ended Dec. 31
	2018		2017
Weighted average common shares outstanding – basic		4,843,355		4,841,130
Dilutive effect of stock options		6,765		4,906
Shares used in computing net income per share – diluted		4,850,120		4,846,036