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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Schedule of property and equipment estimated useful lives

 

 

 

 

Automobiles

3 years

Equipment

5 years

Furniture and fixtures

7 years

Software

7 years

Leasehold improvements

Lesser of lease term or useful life (generally 6 - 7 years)

 

Schedule of computation of income per share Loss and income per share has been computed based on the following weighted average number of common shares outstanding:

 

 

 

Fiscal Year ended March 31,
(In thousands, except earnings
per share numbers)

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net (loss) income per consolidated statements of income

 

$

(34,119

)

 

$

2,998

 

Percentage allocated to shareholders *

 

 

100.0

%

 

 

99.5

%

Numerator for basic and diluted earnings (loss) per share

 

 

(34,119

)

 

 

2,983

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Denominator for basic earnings (loss) per share - weighted-average shares outstanding

 

 

7,330

 

 

 

7,572

 

Dilutive effect of stock options

 

 

 

 

 

 

Denominator for diluted earnings (loss) per share

 

 

7,330

 

 

 

7,572

 

 

 

 

 

 

 

 

Per share (loss) income from continuing operations

 

 

 

 

 

 

Basic

 

$

(4.65

)

 

$

0.39

 

Diluted

 

$

(4.65

)

 

$

0.39

 

 

 

 

 

 

 

 

*Basic weighted-average shares outstanding

 

 

7,330

 

 

 

7,572

 

Basic weighted-average shares outstanding and unvested restricted stock units expected to vest

 

 

7,330

 

 

 

7,612

 

Percentage allocated to shareholders

 

 

100.0

%

 

 

99.5

%