Note N - Earnings Per Share

6 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE N — EARNINGS PER SHARE

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

	Three Months Ended					Six Months Ended
	September 30,					September 30,
	2024			2023		2024		2023
Numerator (basic and diluted)
Net earnings (loss)	$	(675	)	$	3,513	$	1,892	$	11,203
Less: Allocation to unvested restricted stock units		1			41		8		131
Net earnings (loss) attributable to common shareholders	$	(676	)	$	3,472	$	1,884	$	11,072
Denominator (basic and diluted)
Weighted average common shares outstanding		6,939,416			7,288,906		6,939,312		7,288,906

For the six months ended September 30, 2024 and 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:

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Restricted Stock Units		24,049		72,910		22,997		67,712