Net Earnings Per Share

6 Months Ended

Sep. 30, 2011

NOTE 3 — NET EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):


	Three months ended				Six months ended
	September 30				September 30
	2011		2010		2011		2010
Numerator:
Net income	$	1,763	$	3,223	$	5,100	$	9,102

Denominator:
Denominator for basic earnings per share — weighted average shares		27,130		27,130		27,130		27,130
Effect of dilutive securities on denominator:
Options (computed using the treasury stock method)		—		1		—		1

Denominator for diluted earnings per share — weighted average shares and assumed conversions		27,130		27,131		27,130		27,131

Basic and diluted earnings per share	$	.06	$	.12	$	.19	$	.34