Note 14 - Earnings Per Share

9 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 14 — 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,
	2025		2024			2025		2024
Numerator (basic and diluted)
Net earnings (loss)	$	3,043	$	(1,152	)	$	10,311	$	740
Less: Allocation to unvested restricted stock awards		55		1			154		3
Net earnings (loss) attributable to common shareholders	$	2,988	$	(1,153	)	$	10,157	$	737
Denominator (basic and diluted)
Weighted average common shares outstanding		6,965,880		6,948,023			6,965,880		6,942,216

For the nine months ended December 31, 2025 and 2024, the Company allocated dividends and undistributed earnings to the unvested restricted stock awards. 

As the restricted stock qualifies as participating securities, the following restricted stock awards 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,
	2025		2024		2025		2024
Restricted Stock Awards		89,685		16,425		99,613		13,832