Weighted Average Shares and Net Income Per Share (Tables)

3 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Calculations of Basic and Diluted Weighted Shares

The calculations of the basic and diluted weighted shares for the three months ended June 30, 2015 and 2016, are as follows:

	Three Months Ended June 30,
	2015		2016
Net Income	$	6,900,000	$	7,491,000
Basic:
Weighted average common shares outstanding		20,149,000		19,572,000
Net Income per share	$	0.34	$	0.38
Diluted:
Weighted average common shares outstanding		20,149,000		19,572,000
Treasury stock impact of stock options		186,000		182,000
Total common and common equivalent shares		20,335,000		19,754,000
Net Income per share	$	0.34	$	0.38