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Net Earnings Per Share (Tables)
12 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended March 31, 2016 and March 31, 2015:

 

 

 

2016

 

 

2015

 

 

 

(In thousands, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

Net (loss) income for basic and diluted earnings per share

 

$

(968

)

 

$

1,893

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic earnings per share — weighted

   average shares

 

 

27,130

 

 

 

27,130

 

Effect of dilutive securities on denominator:

 

 

 

 

 

 

 

 

Options

 

 

 

 

 

 

Denominator for diluted earnings per share — weighted

   average shares and assumed conversions

 

 

27,130

 

 

 

27,130

 

Net (loss) income per share:

 

 

 

 

 

 

 

 

Basic and diluted (loss) income per share

 

$

(0.04

)

 

$

.07