Note N - Earnings Per Share

9 Months Ended

Dec. 31, 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					Nine Months Ended
	December 31,					December 31,
	2024			2023		2024		2023
Numerator (basic and diluted)
Net earnings (loss)	$	(1,152	)	$	1,184	$	740	$	12,387
Less: Allocation to unvested restricted stock units		1			10		3		131
Net earnings (loss) attributable to common shareholders	$	(1,153	)	$	1,174	$	737	$	12,256
Denominator (basic and diluted)
Weighted average common shares outstanding		6,948,023			7,245,183		6,942,216		7,274,332

For the nine months ended December 31, 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				Nine Months Ended
	December 31,				December 31,
	2024		2023		2024		2023
Restricted Stock Units		16,425		48,840		13,832		42,709