Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings (loss) per share

	Three months ended September 30, (In thousands, except per share amounts)						Six months ended September 30, (In thousands, except per share amounts)
	2020			2019			2020			2019
Numerator:
Net income	$	1,267		$	268		$	2,697		$	859
Less: Allocation of earnings to participating securities		(7	)		(1	)		(15	)		(6	)
Net income allocated to common stock	$	1,260		$	267		$	2,682		$	853
Basic earnings per share computation:
Net income allocated to common stock	$	1,260		$	267		$	2,682		$	853
Weighted average common shares outstanding, including    shares considered participating securities		7,777			7,859			7,766			7,881
Less: Weighted average participating securities outstanding		(46	)		(70	)		(44	)		(61	)
Weighted average shares of common stock		7,731			7,789			7,722			7,820
Basic earnings per share	$	0.16		$	0.03		$	0.34		$	0.11
Diluted earnings per share computation:
Net income allocated to common stock	$	1,260		$	267		$	2,682		$	853
Undistributed earnings re-allocated to participating securities		7			—			15			—
Numerator for diluted earnings per share	$	1,267		$	267		$	2,697		$	853
Weighted average common shares outstanding for basic    earnings per share		7,731			7,789			7,722			7,820
Incremental shares from stock options		—			1			—			1
Weighted average shares and dilutive potential common shares		7,731			7,790			7,722			7,821
Diluted earnings per share	$	0.16		$	0.03		$	0.34		$	0.11