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Net Earnings Per Share
 6 Months Ended
Sep. 30, 2014
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
September 30,		      Six months ended
September 30,		  
     2014      2013      2014      2013  

Numerator:

            

Net income

    $ 47       $ 388       $ 698       $ 1,757   
  

 

 

     

 

 

     

 

 

     

 

 

  

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 earnings per share

    $ .00       $ .01       $ .03       $ .21