Weighted Average Shares and Net Income Per Share (Tables)

6 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Calculations of Basic and Diluted Weighted Average Common Shares

The following table sets forth the calculations of the basic and diluted weighted average common shares for the three and six months ended September 30, 2019 and 2018:

	Three Months Ended September 30,
	2019		2018
Net Income	$	12,871,000	$	12,789,000
Basic:
Weighted average common shares outstanding		18,452,000		18,877,000
Net Income per share	$	0.70	$	0.68
Diluted:
Weighted average common shares outstanding		18,452,000		18,877,000
Treasury stock impact of stock options		319,000		212,000
Total common and common equivalent shares		18,771,000		19,089,000
Net Income per share	$	0.69	$	0.67

	Six Months Ended September 30,
	2019		2018
Net Income	$	26,278,000	$	24,567,000
Basic:
Weighted average common shares outstanding		18,488,000		18,899,000
Net Income per share	$	1.42	$	1.30
Diluted:
Weighted average common shares outstanding		18,488,000		18,899,000
Treasury stock impact of stock options		291,000		196,000
Total common and common equivalent shares		18,779,000		19,095,000
Net Income per share	$	1.40	$	1.29