Note 4 - Net Income Per Share

3 Months Ended

Jun. 30, 2022

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 June 30
	2022	2021
Weighted average common shares outstanding – basic	4,830,826	4,833,232
Dilutive effect of stock options	45	3,589
Shares used in computing net income per share – diluted	4,830,871	4,836,821