<TABLE>
<CAPTION>
Three months ended Six months ended
September 30, September 30,
----------------------
----------------------
2000 1999 2000
1999
---------- ---------- ---------
----------
<S> <C> <C> <C> <C>
Net income as reported . . . . . $ (118,000) $1,235,000 $ 313,000
$2,251,000
========= ========= =========
=========
BASIC:
Weighted average number of
common shares outstanding. . 5,074,039 4,809,989 5,072,103
4,805,199
========= ========= =========
=========
Basic net income per share . . . $(0.02) $ 0.26 $ 0.06 $
0.47
========= ========= =========
=========
DILUTED:
Common and common equivalent shares
outstanding:
Weighted average number of
common shares outstanding. . 5,074,039 4,809,989 5,072,103
4,805,199
Common stock equivalents from
options computed on the
treasury-stock method using
the average fair market
value of common stock
outstanding during the
period . . . . . . . . . . . 139,067 324,139 180,349
271,835
--------- --------- ---------
---------
Shares used in the
computation. . . . . . . . . 5,213,106 5,134,128 5,252,452
5,077,034
========= ========= =========
=========
Diluted net income per share . . $(0.02) $ 0.24 $ 0.06 $
0.44
========= ========= =========
=========
</TABLE>
