Weighted Average Shares and Net Income Per Share (Tables)

9 Months Ended

Dec. 31, 2012

Weighted Average Shares and Net Income Per Share [Abstract]

Calculations of basic and diluted weighted shares

The calculations of the basic and diluted weighted shares for the three and nine months ended December 31, 2011 and 2012, are as follows:

	Three Months Ended December 31,
	2011		2012
Net Income	$	5,400,000	$	5,924,000
Basic:
Weighted average common shares outstanding		11,421,000		11,117,000
Net Income per share	$	0.47	$	0.53
Diluted:
Weighted average common shares outstanding		11,421,000		11,117,000
Treasury stock impact of stock options		153,000		96,000
Total common and common equivalent shares		11,574,000		11,213,000
Net Income per share	$	0.47	$	0.53
	Nine Months Ended December 31,
	2011		2012
Net Income	$	21,479,000	$	19,150,000
Basic:
Weighted average common shares outstanding		11,521,000		11,233,000
Net Income per share	$	1.86	$	1.70
Diluted:
Weighted average common shares outstanding		11,521,000		11,233,000
Treasury stock impact of stock options		156,000		105,000
Total common and common equivalent shares		11,677,000		11,338,000
Net Income per share	$	1.84	$	1.69