Note 4 - Net Income Per Share

6 Months Ended

Sep. 30, 2019

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. The following tables show the components of diluted shares:
 

	Quarter Ended Sept. 30
	2019		2018
Weighted average common shares outstanding – basic		4,846,010		4,843,032
Dilutive effect of stock options		1,871		9,612
Shares used in computing net income per share – diluted		4,847,881		4,852,644

	Six Months Ended Sept. 30
	2019		2018
Weighted average common shares outstanding – basic		4,846,010		4,842,524
Dilutive effect of stock options		3,347		8,548
Shares used in computing net income per share – diluted		4,849,357		4,851,072