Changes in Shareholders' Equity (Tables)

9 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Changes in Shareholders' Equity

Changes in Shareholders’ Equity for the nine months ended December 31, 2022 is summarized below (in thousands):

	Common Stock		Additional Paid-In Capital		Retained Earnings
Beginning balance at March 31, 2022:	$	21	$	11,660	$	130,496
Share based compensation	—		1,536		—
Dividends declared	—		—		(6,297)
Net income	—		—		2,775
Ending balance at June 30, 2022	$	21	$	13,196	$	126,974
Shares Issued	—		—		—
Share based compensation	—		1,681		—
Dividends declared	—		—		(6,307)
Net income	—		—		2,579
Ending balance at September 30, 2022	$	21	$	14,877	$	123,246
Share based compensation	—		1,770		—
Dividends declared	—		—		$	(6,319)
Net income (loss)	—		—		(19)
Ending balance at December 31, 2022:	$	21	$	16,647	$	116,908

Changes in Shareholders’ Equity for the nine months ended December 31, 2021 is summarized below (in thousands):

	Common Stock		Additional Paid-In Capital		Retained Earnings
Beginning balance at March 31, 2021:	$	20	$	7,111	$	134,141
Share based compensation	—		718		—
Dividends declared	—		—		(6,080)
Net income	—		—		4,428
Ending balance at June 30, 2021	$	20	$	7,829	$	132,489
Shares Issued	1		—		—
Share based compensation	—		882		—
Dividends declared	—		—		(6,092)
Net income	—		—		6,349
Ending balance at September 30, 2021	$	21	$	8,711	$	132,746
Share based compensation	—		$	1,440	—
Dividends declared	—		—		(6,282)
Net income	—		—		4,257
Ending balance at December 31, 2021:	$	21	$	10,151	$	130,721