Consolidated Statements of Stockholder's Equity

Years Ended March 31, 1999, 2000, and 2001
Common stock- shares
Common stock - amount
Common stock and paid in capital
Treasury Shares
Balance -
March 31, 1998
9,706,944
$1,000
$30,614,000
(1,461,200)
Stock issued under employee stock purchase plan
34,428
-
541,000
-
Stock issued and income tax benefits under stock option plan, net of shares repurchased
144,204
-
1,762,000
-
Purchase of common stock
-
-
-
(286,080)
Net income
-
-
-
-
Balance -
March 31, 1999
9,885,576
1,000
32,917,000
(1,747,280)
Stock issued under employee stock purchase plan
34,800
-
588,000
-
Stock issued and income tax benefits under stock option plan, net of shares repurchased
158,625
-
2,490,000
-
Purchase of common stock
-
-
-
(586,060)
Net income
-
-
-
-
Balance -
March 31, 2000
10,079,001
1,000
35,995,000
(2,333,340)
Stock issued under employee stock purchase plan
30,072
-
687,000
-
Stock issued and income tax benefits under stock option plan, net of shares repurchased
187,396
-
3,463,000
-
Purchase of common stock
-
-
-
(474,600)
Net income
-
-
-
-
Balance -
March 31, 2001
10,296,469
$1,000
$40,145,000
(2,807,940)

See accompanying notes to consolidated financial statements.

Treasury shares - cost
Retained Earnings
Total shareholders' equity
Balance - March 31, 1998
$(21,727,000)
$36,883,000
$45,771,000
Stock issued under employee stock purchase plan
-
-
541,000
Stock issued and income tax benefits under stock option plan, net of shares repurchased
-
-
1,762,000
Purchase of common stock
(5,263,000)
-
(5,263,000)
Net income
-
10,403,000
10,403,000
Balance - March 31, 1999
(26,990,000)
47,286,000
53,214,000
Stock issued under employee stock purchase plan
-
-
588,000
Stock issued and income tax benefits under stock option plan
-
-
2,490,000
Purchase of common stock
(12,966,000)
-
(12,966,000)
Net income
-
11,967,000
11,967,000
Balance - March 31, 2000
(39,956,000)
59,253,000
59,293,000
Stock issued under employee stock purchase plan
-
-
687,000
Stock issued and income tax benefits under stock option plan, net of shares repurchased
-
-
3,463,000
Purchase of common stock
(13,947,000)
-
(13,947,000)
Net income
-
13,222,000
13,222,000
Balance - March 31, 2001
$(53,903,000)
$72,475,000
$58,718,000