Note 4 - Net Income Per Share

9 Months Ended

Dec. 31, 2019

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
	2019		2018
Weighted average common shares outstanding – basic		4,846,010		4,845,010
Dilutive effect of stock options		1,426		5,497
Shares used in computing net income per share – diluted		4,847,436		4,850,507

	Nine Months Ended Dec. 31
	2019		2018
Weighted average common shares outstanding – basic		4,846,010		4,843,355
Dilutive effect of stock options		2,496		6,765
Shares used in computing net income per share – diluted		4,848,506		4,850,120