Twelve months ended
March 31,
1999 1999 1998
---------- ---------- ----------
Net income as reported . . . . . $4,700,000 $3,930,000 $3,189,000
========== ========== ==========
BASIC:
Weighted average number of
common shares outstanding. 4,812,610 4,868,376 4,841,775
========== ========== ==========
Basic earnings per share. . . $0.98 $0.81 $0.66
========== ========== ==========
DILUTED:
Common and common equivalent shares
outstanding:
Weighted average number of
common shares outstanding. 4,812,610 4,868,376 4,841,775
Common stock equivalents
from options computed on
the treasury-stock method
using the average fair
market value of common
stock during the period. . 307,637 169,304 242,406
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Shares used in the
computation. . . . . . . . 5,120,247 5,037,680 5,084,181
========== ========== ==========
Diluted earnings per share. . . $0.92 $0.78 $0.63
========== ========== ==========
