Note 4 - Net Income Per Share

9 Months Ended

Dec. 31, 2020

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
	2020		2019
Weighted average common shares outstanding – basic		4,833,232		4,846,010
Dilutive effect of stock options		29		1,426
Shares used in computing net income per share – diluted		4,833,261		4,847,436

	Nine Months Ended Dec. 31
	2020		2019
Weighted average common shares outstanding – basic		4,834,324		4,846,010
Dilutive effect of stock options		87		2,496
Shares used in computing net income per share – diluted		4,834,411		4,848,506