Net Earnings Per Share

9 Months Ended

Dec. 31, 2014

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,
	2014		2013			2014		2013
Numerator:
Net income (loss)	$	2,854	$	(1,381	)	$	3,552	$	376

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 (loss) per share	$	.11	$	(.05	)	$	.13	$	.01

The entire disclosure for earnings per share.