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Earnings per Share | 12 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings per Share | 12. Earnings per Share The following data shows the amounts used in computing earnings per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares.
| Year Ended March 31, |
(In thousands, except per share data) | 2024 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |
Net income | $ | 86,195 |  |  | $ | 14,582 |  |  | $ | 6,478 |
Series A convertible preferred stock dividends |  | (1,204 | ) |  |  | (1,836 | ) |  |  | (1,836 | )
Net income attributable to common shareholders | $ | 84,991 |  |  | $ | 12,746 |  |  | $ | 4,642 |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares outstanding - basic |  | 25,668 |  |  |  | 24,694 |  |  |  | 24,357 |
Dilutive SSARs |  | 929 |  |  |  | 1,059 |  |  |  | 1,063 |
Dilutive RSUs |  | 10 |  |  |  | — |  |  |  | — |
Dilutive unvested restricted shares |  | 234 |  |  |  | 176 |  |  |  | 63 |
Weighted average shares outstanding - diluted |  | 26,842 |  |  |  | 25,929 |  |  |  | 25,483 |
Income per share - basic: | $ | 3.31 |  |  | $ | 0.52 |  |  | $ | 0.19 |
Income per share - diluted: | $ | 3.17 |  |  | $ | 0.49 |  |  | $ | 0.18 |
Anti-dilutive SSARs, restricted shares, restricted stock units, ESPP shares, performance shares, and preferred shares |  | 175 |  |  |  | 1,741 |  |  |  | 1,736 |
Basic income per share is computed as net income available to common shareholders divided by the weighted average basic shares outstanding. The outstanding shares used to calculate the weighted average basic shares excludes 436,177, 407,324 and 147,973 of restricted shares at March 31, 2024, 2023 and 2022, respectively, as these shares were issued but were not vested and, therefore, not considered outstanding for purposes of computing basic earnings per share at the balance sheet dates. Diluted income per share includes the effect of all potentially dilutive securities on earnings per share. We have stock-settled appreciation rights (SSARs), unvested restricted shares, restricted stock units, employee stock purchase plan (ESPP) shares, and performance shares, that are potentially dilutive securities. When a loss is reported, the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of share-based compensation awards because doing so would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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