Note 4 - Net Income Per Share

9 Months Ended

Dec. 31, 2021

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 December 31
	2021		2020
Weighted average common shares outstanding – basic		4,833,604		4,833,232
Dilutive effect of stock options		2,167		29
Shares used in computing net income per share – diluted		4,835,770		4,833,261

	Nine Months Ended December 31
	2021		2020
Weighted average common shares outstanding – basic		4,833,356		4,834,324
Dilutive effect of stock options		2,425		87
Shares used in computing net income per share – diluted		4,835,781		4,834,411