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Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities The tax
effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are as follows (in thousands):
March 31,
20232022
Deferred tax assets:
Accrued expenses$1,529 $364 
Deferred stock compensation1,605 662 
Bad debt and inventory reserves21 27 
Total deferred tax assets3,155 1,053 
Deferred tax liabilities:
Property and equipment(2,527)(1,989)
Total net deferred tax assets (liabilities)$628 $(936)
Schedule of Components of Income Tax Provision
The components of the income tax provision consist of the following (in thousands):
Year Ended March 31,
202320222021
Current taxes
Federal$1,831 $5,801 $7,446 
State1,084 515 856 
Total current taxes2,915 6,316 8,302 
Deferred taxes
Federal(982)(317)279 
State(582)(28)32 
Total deferred taxes(1,564)(345)311 
Total provision for income taxes$1,351 $5,971 $8,613 
Schedule of Effective Income Tax Rate Reconciliation
The reconciliation of income tax provision computed at the U.S. federal statutory tax rates to income tax expense is as follows (in thousands):
Year Ended March 31,
202320222021
Income taxes at U.S. statutory rates$333 $5,685 $8,235 
State income taxes, net of federal tax benefit275 379 708 
Permanent differences396 59 198 
Restricted stock shortfall (windfall) adjustment208 33 (135)
Other139 (185)(393)
Total provision for income taxes$1,351 $5,971 $8,613 
The differences between the effective income tax rate and the statutory U.S. federal income tax rate are as follows:
Year Ended March 31,
202320222021
Federal rate on income before taxes21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit17.4 %1.4 %1.8 %
Permanent differences25.0 %0.2 %0.5 %
Restricted stock shortfall (windfall) adjustments13.1 %0.1 %(0.3)%
Other8.8 %(0.6)%(1.0)%
Total Effective Tax Rate85.3 %22.1 %22.0 %