Weighted Average Shares and Net Income Per Share (Tables)

6 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Calculations of Basic and Diluted Weighted Average Common Shares

The following table sets forth the calculations of the basic and diluted weighted average common shares for the three and six months ended September 30, 2022 and 2021:

	Three Months Ended September 30,
	2022		2021
Net Income	$	14,656,000	$	16,072,000
Basic:
Weighted average common shares outstanding		17,386,000		17,841,000
Net Income per share	$	0.84	$	0.90
Diluted:
Weighted average common shares outstanding		17,386,000		17,841,000
Treasury stock impact of stock options		264,000		391,000
Total common and common equivalent shares		17,650,000		18,232,000
Net Income per share	$	0.83	$	0.88

	Six Months Ended September 30,
	2022		2021
Net Income	$	31,347,000	$	32,915,000
Basic:
Weighted average common shares outstanding		17,446,000		17,869,000
Net Income per share	$	1.80	$	1.84
Diluted:
Weighted average common shares outstanding		17,446,000		17,869,000
Treasury stock impact of stock options		280,000		357,000
Total common and common equivalent shares		17,726,000		18,226,000
Net Income per share	$	1.77	$	1.81