Note 4 - Net Income Per Share

6 Months Ended

Sep. 30, 2021

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 September 30
	2021		2020
Weighted average common shares outstanding – basic		4,833,232		4,834,709
Dilutive effect of stock options		3,371		100
Shares used in computing net income per share – diluted		4,836,603		4,834,809

	Six Months Ended September 30
	2021		2020
Weighted average common shares outstanding – basic		4,833,232		4,834,872
Dilutive effect of stock options		3,389		114
Shares used in computing net income per share – diluted		4,836,621		4,834,986