Stockholders Equity Note

9 Months Ended

Dec. 31, 2011

Stockholders Equity Note Abstract

Stockholders Equity Note Disclosure Text Block

6.       During the nine-month period ended December 31, 2011, there were 7,110 shares, or $2,000, of Class B Common Stock (at par), converted to Class A Common Stock and there were 4,454 shares, or $54,000 of Participating Preferred Stock, also converted to Class A Common Stock. During the three-month period ended December 31, 2011, the Company purchased 24,840 or $528,000 of Class A Common Stock as Treasury Stock. As permitted under New York Business Corporation Law and pursuant to a Board of Directors resolution, the stated capital adjustment related to common stock of $1,181,000, which originated from a reverse stock-split in 1978, was reclassified to paid-in capital during the quarter ended July 2, 2011.