INCOME PER COMMON AND COMMON EQUIVALENT SHARE (Tables)

3 Months Ended

Jun. 30, 2015

INCOME PER COMMON AND COMMON EQUIVALENT SHARE

Schedule of calculation of basic and diluted earnings per share

	Three Months Ended
(In thousands except per share amounts)	June 30, 2015			June 30, 2014
Earnings Per Share - Basic:
Net income (loss)	$	(515	)	$	1,454
Less: Distributed and undistributed earnings (loss) to unvested restricted stock units	(6		)	18
Distributed and undistributed earnings (loss) to common shareholders — Basic	(509		)	1,436
Weighted average number of common shares outstanding — basic	7,161			7,891
Net income (loss) per share — basic	$	(0.07	)	$	0.18
Earnings Per Share - Diluted:
Weighted average number of common shares outstanding	7,161			7,891
Add dilutive effect of potential common shares	—			22
Weighted average number of common and potential common shares outstanding — diluted	7,161			7,913
Net income (loss) per share — diluted	$	(0.07	)	$	0.18