Weighted Average Shares and Net Income Per Share (Tables)

9 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Calculations of Basic and Diluted Weighted Average Common Shares

The following table sets forth the calculations of the basic and diluted weighted average common shares for the three and nine months ended December 31, 2022 and 2021:

	Three Months Ended December 31,
	2022		2021
Net Income	$	16,849,000	$	13,858,000
Basic:
Weighted average common shares outstanding		17,245,000		17,785,000
Net Income per share	$	0.98	$	0.78
Diluted:
Weighted average common shares outstanding		17,245,000		17,785,000
Treasury stock impact of stock options		242,000		426,000
Total common and common equivalent shares		17,487,000		18,211,000
Net Income per share	$	0.96	$	0.76

	Nine Months Ended December 31,
	2022		2021
Net Income	$	48,196,000	$	46,773,000
Basic:
Weighted average common shares outstanding		17,379,000		17,841,000
Net Income per share	$	2.77	$	2.62
Diluted:
Weighted average common shares outstanding		17,379,000		17,841,000
Treasury stock impact of stock options		268,000		380,000
Total common and common equivalent shares		17,647,000		18,221,000
Net Income per share	$	2.73	$	2.57