Note L - Stockholders' Equity

9 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Equity [Text Block]

NOTE L — STOCKHOLDERS’ EQUITY

The following tables reflect the changes in stockholders’ equity for each of the nine months ended December 31, 2024 and December 31, 2023 (in thousands):

			Accumulated
			Other
			Comprehensive		Additional
	Common		Income,		Paid-In		Treasury			Retained
	Stock		Net of Tax		Capital		Stock			Earnings			Total
BALANCE AT MARCH 31, 2024	$	8,873		—	$	35,247	$	(12,929	)	$	96,284		$	127,475
Net earnings		—		—		—		—			2,567			2,567
Paid in capital – restricted stock units		—		—		47		—			—			47
Repurchase of shares		—		—		—		(123	)		—			(123	)
Cash dividends ($0.04 per share)		—		—		—		—			(279	)		(279	)
BALANCE AT JUNE 30, 2024	$	8,873	$	—	$	35,294	$	(13,052	)	$	98,572		$	129,687
Net loss		—		—		—		—			(675	)		(675	)
Paid in capital – restricted stock units		—		—		42		—			—			42
Repurchase of shares		—		—		—		(11	)		—			(11	)
Cash dividends ($0.04 per share)		—		—		—		—			(279	)		(279	)
BALANCE AT SEPTEMBER 30, 2024	$	8,873	$	—	$	35,336	$	(13,063	)	$	97,618		$	128,764
Net loss		—		—		—		—			(1,152	)		(1,152	)
Paid in capital – restricted stock units		—		—		32		—			—			32
Repurchase of shares		—		—		—		(37	)		—			(37	)
Cash dividends ($0.04 per share)		—		—		—		—			(278	)		(278	)
BALANCE AT DECEMBER 31, 2024	$	8,873	$	—	$	35,368	$	(13,100	)	$	96,188		$	127,329

			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
Net earnings		—		—			—		—			1,184			1,184
Paid in capital – restricted stock units		—		—			37		—			—			37
Repurchase of shares		—		—			—		(5,148	)		—			(5,148	)
Cash dividends ($0.02 per share)		—		—			—		—			(139	)		(139	)
BALANCE AT DECEMBER 31, 2023	$	8,869	$	—		$	35,198	$	(12,929	)	$	91,605		$	122,743