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Net Earnings Per Share
 9 Months Ended
Dec. 31, 2013
Net Earnings Per Share

NOTE 2 — 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
December 31,		      Nine months ended
December 31,		  
     2013     2012      2013      2012  

Numerator:

           

Net (loss) income

    $ (1,381 )    $ 1,693       $ 376       $ 7,480   
  

 

 

    

 

 

     

 

 

     

 

 

  

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)

      —         —          —          —    
  

 

 

    

 

 

     

 

 

     

 

 

  

Denominator for diluted earnings per share — weighted average shares and assumed conversions

      27,130        27,130         27,130         27,130   
  

 

 

    

 

 

     

 

 

     

 

 

  

Basic and diluted (loss) earnings per share

    $ (.05 )    $ .06       $ .01       $ .28