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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2021
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

 

 

Fiscal Year ended March 31,

(In thousands, except earnings

per share numbers)

 

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

Net income per consolidated statements of income

 

$

8,351

 

 

$

3,466

 

Percentage allocated to shareholders *

 

 

99

%

 

 

99

%

Numerator for basic and diluted earnings per share

 

 

8,307

 

 

 

3,434

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for Basic earnings per share - weighted-average shares outstanding

 

 

7,626

 

 

 

7,702

 

Dilutive effect of stock options

 

 

-

 

 

 

1

 

Denominator for diluted earnings per share

 

 

7,626

 

 

 

7,703

 

 

 

 

 

 

 

 

 

 

Per share income from continuing operations

 

 

 

 

 

 

 

 

Basic

 

$

1.09

 

 

$

0.45

 

Diluted

 

$

1.09

 

 

$

0.45

 

 

 

 

 

 

 

 

 

 

*Basic weighted-average shares outstanding

 

 

7,626

 

 

 

7,702

 

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

 

 

7,666

 

 

 

7,774

 

Percentage allocated to shareholders

 

 

99

%

 

 

99

%