Weighted Average Shares and Net Income Per Share (Tables)

3 Months Ended

Jun. 30, 2023

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 months ended June 30, 2023 and 2022:

	Three Months Ended June 30,
	2023		2022
Net Income	$	19,805,000	$	16,691,000
Basic:
Weighted average common shares outstanding		17,144,000		17,506,000
Net Income per share	$	1.16	$	0.95
Diluted:
Weighted average common shares outstanding		17,144,000		17,506,000
Treasury stock impact of stock options		241,000		297,000
Total common and common equivalent shares		17,385,000		17,803,000
Net Income per share	$	1.14	$	0.94