Note 10 - Earnings (Loss) Per Share

12 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

10. EARNINGS (LOSS) PER SHARE

The following is a reconciliation of the numerator and denominator of the basic and diluted net earnings (loss) per share computations for fiscal 2014, 2013, and 2012, respectively.

	March 31,
	2014		2013			2012
Numerator :
Income (loss) from continuing operations before extraordinary gain	$	1,107	$	(58,054	)	$	(1,917	)
Income (loss) from discontinued operations, net of income taxes (Footnote 3)		3,085		3,198			1,643
Extraordinary gain (net of tax expense) (Footnote 13)		-		-			455
Net income (loss) for basic and dilutive earnings per share	$	4,192	$	(54,856	)	$	181
Denominator :
Denominator for basic earnings per share - weighted average shares		16,391		16,391			16,391
Effect of dilutive securities:
Employee and director stock options		75		-			-
Denominator for diluted earnings per share - adjusted weighted average shares		16,466		16,391			16,391
Basic earnings (loss) per share :
Net income (loss) from continuing operations, before extraordinary gain	$	0.07	$	(3.54	)	$	(0.12	)
Net income from discontinued operations	$	0.19	$	0.19		$	0.10
Extraordinary gain, net of income taxes	$	-	$	-		$	0.03
Net income (loss)	$	0.26	$	(3.35	)	$	0.01
Diluted earnings (loss) per share :
Net income (loss) from continuing operations, before extraordinary gain	$	0.07	$	(3.54	)	$	(0.12	)
Net income from discontinued operations	$	0.18	$	0.19		$	0.10
Extraordinary gain, net of income taxes	$	-	$	-		$	0.03
Net income (loss)	$	0.25	$	(3.35	)	$	0.01

Excluded from the calculation of diluted earnings (loss) per share are options to purchase 1,429,472 shares in fiscal, 2014, 1,407,270 shares in fiscal 2013, and 1,329,240 shares in fiscal 2012, as their inclusion would have been anti-dilutive.