Note 7 - Changes in Shareholders' Equity and Comprehensive Income:

9 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

Note

7

: Changes in

S

hare

holders’

Equity and Comprehensive Income:

Changes in shareholders’ equity for the

nine

months ended

December 31, 2019

and

2018

are summarized below (in thousands):

	Additional
	Paid-In			Retained
	Capital			Earnings
Beginning balance at March 31, 2019:	$	12,478		$	122,172
Share based compensation		635			-
Dividends declared		-			(5,518	)
Repurchase and retirement of common stock		(11,496	)		-
Net income		-			5,343
Ending balance at June 30, 2019:	$	1,617		$	121,997
Share based compensation		730			-
Dividends declared		-			(5,447	)
Net income		-			6,665
Ending balance at September 30, 2019:	$	2,347		$	123,215
Share based compensation		716			-
Dividends declared		-			(5,437	)
Net income		-			6,840
Ending balance at December 31, 2019:	$	3,063		$	124,618

	Additional
	Paid-In		Retained
	Capital		Earnings
Beginning balance at March 31, 2018:	$	9,381	$	106,320
Share based compensation		719		-
Dividends declared		-		(5,151	)
Net income		-		12,582
Ending balance at June 30, 2018:	$	10,100	$	113,751
Share based compensation		781		-
Dividends declared		-		(5,573	)
Net income		-		10,752
Ending balance at September 30, 2018:	$	10,881	$	118,930
Share based compensation		812		-
Dividends declared		-		(5,582	)
Net income		-		7,787
Ending balance at December 31, 2018:	$	11,693	$	121,135

During the

nine

months ended

December 31, 2019,

the Company purchased and retired approximately

613,000

shares of its common stock for approximately

$11.5

million. There were

no

shares of common stock that were purchased or retired in the

nine

months ended

December 31, 2018.

At

December 31, 2019,

the Company had approximately

$28.7

million remaining under the Company’s share repurchase plan.