Earnings (Loss) per Common Share

6 Months Ended

Sep. 30, 2020

Earnings (Loss) per Common Share

Earnings (Loss) per Common Share

Earnings (Loss) per Common Share

Basic earnings (loss) per common share is computed based on the weighted average number of common shares outstanding during the periods presented. Diluted earnings (loss) per common share is computed based on the weighted average number of common shares outstanding plus the effect of stock options and other potentially dilutive common stock equivalents. The dilutive effect of stock options and other potentially dilutive common stock equivalents is determined using the treasury stock method based on the Company’s average stock price. There were no potentially dilutive common stock equivalents outstanding during the six month periods ended September 30, 2020 or 2019. As a result, basic and diluted weighted average common shares outstanding are identical for the three and six months ended September 30, 2020 and 2019.