Weighted Average Shares and Net Income Per Share (Tables)

9 Months Ended

Dec. 31, 2013

Earnings 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, 2012 and 2013, are as follows:

	Three Months Ended December 31,
	2012		2013
Net Income	$	5,924,000	$	8,775,000
Basic:
Weighted average common shares outstanding		22,234,000		20,936,000
Net Income per share	$	0.27	$	0.42
Diluted:
Weighted average common shares outstanding		22,234,000		20,936,000
Treasury stock impact of stock options		192,000		320,000
Total common and common equivalent shares		22,426,000		21,256,000
Net Income per share	$	0.26	$	0.41

	Nine Months Ended December 31,
	2012		2013
Net Income	$	19,150,000	$	26,059,000
Basic:
Weighted average common shares outstanding		22,466,000		21,157,000
Net Income per share	$	0.85	$	1.23
Diluted:
Weighted average common shares outstanding		22,466,000		21,157,000
Treasury stock impact of stock options		210,000		249,000
Total common and common equivalent shares		22,676,000		21,406,000
Net Income per share	$	0.84	$	1.22