Note 12 - Earnings Per Share

9 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

12. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed on the basis of the weighted average number of common shares outstanding. Diluted earnings (loss) per share is computed on the basis of the weighted average number of common shares outstanding plus the potentially dilutive effect of outstanding stock options using the treasury stock method.

Reconciliations between the numerator and the denominator of the basic and diluted loss per share computations for the three and nine months ended December 31, 2024 and 2023 are as follows:

	Three Months Ended December 31, 2024
	Net Loss			Shares		Per Share
	(Numerator)			(Denominator)		Amount
	(in thousands)
Basic and diluted loss per share	$	(224	)		7,156	$	(0.03	)

	Three Months Ended December 31, 2023
	Net Loss			Shares		Per Share
	(Numerator)			(Denominator)		Amount
	(in thousands)
Basic and diluted loss per share	$	(1,020	)		6,554	$	(0.16	)

	Nine Months Ended December 31, 2024
	Net Loss			Shares		Per Share
	(Numerator)			(Denominator)		Amount
	(in thousands)
Basic and diluted loss per share	$	(2,576	)		7,036	$	(0.37	)

	Nine Months Ended December 31, 2023
	Net Loss			Shares		Per Share
	(Numerator)			(Denominator)		Amount
	(in thousands)
Basic and diluted loss per share	$	(3,186	)		6,404	$	(0.50	)

Basic and diluted per share amounts are the same in periods of a net loss because common share equivalents are anti-dilutive when a net loss is recorded. Diluted loss per share does not include the impact of common stock options and restricted stock units as the effect of their inclusion would be anti-dilutive.  Restricted stock units become dilutive within the period granted and remain dilutive until the units vest and are then included in the calculation of basic earnings per share.