Note L - Stockholders' Equity

6 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Equity [Text Block]

NOTE L — STOCKHOLDERS’ EQUITY

The following tables reflect the changes in stockholders’ equity for each of the six months ended September 30, 2023 and September 30, 2022 (in thousands):

			Accumulated
			Other
			Comprehensive			Additional
	Common		Income,			Paid-In		Treasury			Retained
	Stock		Net of Tax			Capital		Stock			Earnings			Total
BALANCE AT MARCH 31, 2023	$	8,869		(317	)	$	35,005	$	(7,778	)	$	79,653		$	115,432
Net earnings		—		—			—		—			7,690			7,690
Other comprehensive income		—		317			—		—			—			317
Paid in capital – restricted stock units		—		—			78		—			—			78
Cash dividends ($0.02 per share)		—		—			—		—			(148	)		(148	)
BALANCE AT JUNE 30, 2023	$	8,869	$	—		$	35,083	$	(7,778	)	$	87,195		$	123,369
Net earnings		—		—			—		—			3,513			3,513
Paid in capital – restricted stock units		—		—			78		—			—			78
Repurchase of shares		—		—			—		(3	)		—			(3	)
Cash dividends ($0.02 per share)		—		—			—		—			(148	)		(148	)
BALANCE AT SEPTEMBER 30, 2023	$	8,869	$	—		$	35,161	$	(7,781	)	$	90,560		$	126,809

			Accumulated
			Other
			Comprehensive			Additional
	Common		Income,			Paid-In		Treasury			Retained
	Stock		Net of Tax			Capital		Stock			Earnings			Total
BALANCE AT MARCH 31, 2022	$	8,345		(10,269	)	$	30,442	$	(7,741	)	$	58,909		$	79,686
Net earnings		—		—			—		—			11,184			11,184
Other comprehensive income		—		7,174			—		—			—			7,174
Paid in capital – restricted stock units		—		—			73		—			—			73
Shares issued - Plateplus business combination		516		—			4,268		—			—			4,784
Repurchase of shares		—		—			—		(29	)		—			(29	)
Cash dividends ($0.02 per share)		—		—			—		—			(157	)		(157	)
BALANCE AT JUNE 30, 2022	$	8,861	$	(3,095	)	$	34,783	$	(7,770	)	$	69,936		$	102,715
Net earnings		—		—			—		—			2,471			2,471
Other comprehensive income		—		1,579			—		—			—			1,579
Paid in capital – restricted stock units		—		—			73		—			—			73
Cash dividends ($0.02 per share)		—		—			—		—			(148	)		(148	)
BALANCE AT SEPTEMBER 30, 2022	$	8,861	$	(1,516	)	$	34,856	$	(7,770	)	$	72,259		$	106,690