Consolidated Statements of Stockholder's Equity

Years Ended March 31, 2000, 2001, and 2002
Common stock- shares
Common stock - amount
Common stock and paid in capital
Treasury Shares
Balance -
March 31, 1999
14,828,364
$2,000
$32,916,000
(2,620,920)
Stock issued under employee stock purchase plan
52,200
-
588,000
-
Stock issued and income tax benefits under stock option plan, net of shares repurchased
237,938
-
2,490,000
-
Purchase of common stock
-
-
-
(879,090)
Net income
-
-
-
-
Balance -
March 31, 2000
15,118,502
2,000
35,994,000
(3,500,010)
Stock issued under employee stock purchase plan
45,108
-
687,000
-
Stock issued and income tax benefits under stock option plan, net of shares repurchased
281,094
-
3,463,000
-
Purchase of common stock
-
-
-
(711,900)
Net income
-
-
-
-
Balance -
March 31, 2001
15,444,704
2,000
40,144,000
(4,211,910)
Stock issued under employee stock purchase plan
36,951
-
788,000
-
Stock issued and income tax benefits under stock option plan, net of shares repurchased
135,726
-
1,893,000
-
Purchase of common stock
-
-
-
(557,870)
Net income
-
-
-
-
Balance -
March 31, 2002
15,617,381
$2,000
$42,825,000
(4,769,780)

See accompanying notes to consolidated financial statements.

Treasury shares - cost
Retained Earnings
Total shareholders' equity
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, net of shares repurchased
-
-
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
55,293,000
Stock issued under employee stock purchase plan
-
-
687,000
Stock issued and income tax benefits under stock option plan
-
-
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
Stock issued under employee stock purchase plan
-
-
788,000
Stock issued and income tax benefits under stock option plan, net of shares repurchased
-
-
1,893,000
Purchase of common stock
(15,237,000)
-
(15,237,000)
Net income
-
14,821,000
14,821,000
Balance - March 31, 2002
$(69,140,000)
$87,296,000
$60,983,000