EARNINGS PER SHARE (Tables)

9 Months Ended

Dec. 31, 2019

EARNINGS PER SHARE

Schedule of basic and diluted earnings per share

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2019		2018		2019		2018
Basic EPS computation:
Numerator-net income	$	4,128,000	$	4,388,000	$	12,854,000	$	13,059,000
Denominator-weighted average common shares outstanding		22,665,712		22,598,712		22,642,883		22,582,956
Basic EPS	$	0.18	$	0.19	$	0.57	$	0.58
Diluted EPS computation:
Numerator-net income	$	4,128,000	$	4,388,000	$	12,854,000	$	13,059,000
Denominator-weighted average common shares outstanding		22,665,712		22,598,712		22,642,883		22,582,956
Effect of dilutive stock options  and restricted stock		52,543		65,207		58,532		75,197
Weighted average common shares and common stock equivalents		22,718,255		22,663,919		22,701,415		22,658,153
Diluted EPS	$	0.18	$	0.19	$	0.57	$	0.58