Note G - Income Taxes

9 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE G — INCOME TAXES

The Company’s effective tax rate for the nine months ended December 31, 2015 approximated the statutory rate. The Company’s effective tax rate for the nine months ended December 31, 2014 differed from the statutory rate due primarily to a change in estimate related to state income taxes payable as of March 31, 2014.