Weighted Average Shares and Net Income Per Share (Tables)

9 Months Ended

Dec. 31, 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 nine months ended December 31, 2013 and 2014, are as follows:

	Three Months Ended December 31,
	2013		2014
Net Income	$	8,775,000	$	6,832,000
Basic:
Weighted average common shares outstanding		20,936,000		20,599,000
Net Income per share	$	0.42	$	0.33
Diluted:
Weighted average common shares outstanding		20,936,000		20,599,000
Treasury stock impact of stock options		320,000		187,000
Total common and common equivalent shares		21,256,000		20,786,000
Net Income per share	$	0.41	$	0.33

	Nine Months Ended December 31,
	2013		2014
Net Income	$	26,059,000	$	23,014,000
Basic:
Weighted average common shares outstanding		21,157,000		20,784,000
Net Income per share	$	1.23	$	1.11
Diluted:
Weighted average common shares outstanding		21,157,000		20,784,000
Treasury stock impact of stock options		249,000		231,000
Total common and common equivalent shares		21,406,000		21,015,000
Net Income per share	$	1.22	$	1.10