Net earnings per share

12 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Net earnings per share

18 Net earnings per share

Basic net earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net earnings per share gives effect to all dilutive potential common shares outstanding during the period. The weighted average number of common shares outstanding is adjusted to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. In computing the dilutive effect of potential common shares, the average stock price for the period is used in determining the number of treasury shares assumed to be purchased with the proceeds from the exercise of options.

	Year Ended March 31,
	2016		2017		2018
Income available to common stockholders ($ in thousands)	$	2,871	$	2,795	$	4
Basic weighted average common shares outstanding		5,173,431		5,143,648		4,910,357
Basic net earnings per share	$	0.55	$	0.54	$	0.00
Basic weighted average common shares outstanding		5,173,431		5,143,648		4,910,357
Effect of dilutive securities – Options		-		172,745		380,547
Diluted weighted average common and potential common shares outstanding		5,173,431		5,316,393		5,290,904
Diluted net earnings income per share	$	0.55	$	0.53	$	0.00