Net Earnings Per Share

9 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

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,
	2015			2014		2015			2014
Numerator:
Net (loss) income	$	(66	)	$	2,854	$	(655	)	$	3,552
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	$	(0.00	)	$	0.11	$	(0.02	)	$	0.13