Weighted Average Shares and Net Income Per Share (Tables)

6 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Calculations of Basic and Diluted Weighted Shares

The calculations of the basic and diluted weighted shares for the three and six months ended September 30, 2013 and 2014, are as follows:

	Three Months Ended September 30,
	2013		2014
Net Income	$	8,675,000	$	7,883,000
Basic:
Weighted average common shares outstanding		21,138,000		20,819,000
Net Income per share	$	0.41	$	0.38
Diluted:
Weighted average common shares outstanding		21,138,000		20,819,000
Treasury stock impact of stock options		239,000		231,000
Total common and common equivalent shares		21,377,000		21,050,000
Net Income per share	$	0.41	$	0.37

	Six Months Ended September 30,
	2013		2014
Net Income	$	17,284,000	$	16,182,000
Basic:
Weighted average common shares outstanding		21,267,000		20,877,000
Net Income per share	$	0.81	$	0.78
Diluted:
Weighted average common shares outstanding		21,267,000		20,877,000
Treasury stock impact of stock options		214,000		253,000
Total common and common equivalent shares		21,481,000		21,130,000
Net Income per share	$	0.80	$	0.77