Changes in Shareholders’ Equity (Tables)

6 Months Ended

Sep. 30, 2025

Equity [Abstract]

Schedule of Changes in Shareholders' Equity

Changes in Shareholders’ Equity for the three and six months ended September 30, 2025 is summarized below (in thousands):

	Common Stock			Additional Paid-In Capital		Retained Earnings
	Share	Amounts
Beginning balance at March 31, 2025:	20,657	$	21	$	18,560	$	66,544
Net share settlement of restricted stock units	178	—		(28)		—
Stock based compensation	—	—		591		—
Dividends forfeited	—	—		—		1
Net loss	—	—		—		(34,152)
Ending balance at June 30, 2025:	20,835	$	21	$	19,123	$	32,393
Net share settlement of restricted stock units	180	—		(209)		—
Stock based compensation expense	—	—		247		—
Dividends forfeited	—	—		—		—
Net loss	—	—		—		(8,520)
Ending balance at September 30, 2025:	21,016	$	21	$	19,161	$	23,873

Changes in Shareholders’ Equity for the three and six months ended September 30, 2024 is summarized below (in thousands):

	Common Stock				Additional Paid-In Capital		Retained Earnings
	Share		Amounts
Beginning balance at March 31, 2024:	21,149		$	21	$	25,146	$	71,555
Cancellation of restricted stock, net	(548)	—	—		—		—
Stock based compensation (reversal)	—		—		(8,204)		—
Dividends forfeited	—		—		—		1,250
Net loss	—		—		—		3,754
Ending balance at June 30, 2024:	20,601		$	21	$	16,942	$	76,559
Issuance of restricted stock, net	62		—		—		—
Stock based compensation expense	—		—		573		—
Dividends declared	—		—		—		4
Net income	—		—		—		2,326
Ending balance at September 30, 2024:	20,663		$	21	$	17,515	$	78,889