Note 4 - Net Income Per Share

3 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

4.

NET INCOME PER SHARE

     Net income per basic share is computed based on the weighted-average number of common shares issued and outstanding during each period. Net income per diluted share amounts assume exercise of all stock options. Stock options totaling

10,000

for the quarter ended

June 

30,

2016

were

not

included in the computation of diluted earnings per share because the exercise prices were greater than the market price of the common stock.

     The following table shows the components of diluted shares:
 

	Quarter Ended June 30
	2017		2016
Weighted average common shares outstanding – basic		4,841,010		4,835,010
Dilutive effect of stock options		5,241		2,085
Shares used in computing net income per share – diluted		4,846,251		4,837,095