<TABLE>
<CAPTION>
Three months ended Nine months ended
December 31, December 31,
----------------------- -----------------------
1999 1998 1999 1998
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Net income as reported . . . . . $1,274,000 $ 836,000 $3,525,000 $2,896,000
========= ========= ========== ==========
BASIC:
Weighted average number of
common shares outstanding. . 4,816,458 4,844,969 4,808,951 4,879,590
========= ========= ========= =========
Basic net income per share . . . $0.26 $0.17 $0.73 $0.59
========= ========= ========= =========
DILUTED:
Common and common equivalent shares
outstanding:
Weighted average number of
common shares outstanding. . 4,816,458 4,844,969 4,808,951 4,879,590
Common stock equivalents from
options computed on the
treasury-stock method using
the average fair market
value of common stock
outstanding during the
period . . . . . . . . . . . 360,784 138,799 301,484 180,945
========= ========= ========= =========
Shares used in the
computation. . . . . . . . . 5,177,242 4,983,768 5,110,435 5,060,535
========= ========= ========= =========
Diluted net income per share . . $0.25 $0.17 $0.69 $0.57
========= ========= ========= =========
</TABLE>
All number of shares data has been retroactively restated to reflect a 3-for-2
stock split distributed September 23, 1999.
