Note 9 - Earnings Per Share

12 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

9. EARNINGS PER SHARE

Basic and dilutive net earnings per share is computed based on the following information (in thousands, except for share data):

	Year Ended March 31,
	2024		2023
Numerator (basic and diluted)
Net earnings	$	17,345	$	21,344
Less: Allocation to unvested restricted stock units	$	177	$	329
Net earnings attributable to common shareholders		17,168		21,015
Denominator (basic and diluted)
Weighted average common shares outstanding		7,183,702		7,216,142

For fiscal 2024 and fiscal 2023, the Company allocated dividends and undistributed earnings to the unvested restricted stock units. 

As the restricted stock qualifies as participating securities, the following restricted stock units were not accounted in the computation of weighted average diluted common shares outstanding under the two-class method:

	Year Ended March 31,
	2024		2023
Restricted Stock Units		48,049		55,546