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Note 9 - Earnings (Loss) Per Share
 12 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note
9
.
Earnings (Loss)
Per Share
 
Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share is computed similarly to basic earnings (loss) per share, except that it includes the potential dilution that could occur if dilutive securities were exercised.
The following table presents a reconciliation of the denominators used in the computation of earnings (loss) per share - basic and diluted (shares in thousands):
 
   
Year Ended March 31,
  
   
2019
    
2018
    
2017
  
Net income (loss) available for shareholders
   $
7,484
     $
(2,962
 )   $
11,183
  
Weighted average outstanding shares of common stock
    
3,839
      
3,770
      
3,679
  
Dilutive effect of stock options
    
186
      
--
      
165
  
Dilutive effect of non-vested shares
    
8
      
--
      
--
  
Fully diluted shares
    
4,033
      
3,770
      
3,844
  
                         
Basic
   $
1.95
     $
(0.79
 )   $
3.04
  
Diluted
    
1.86
      
(0.79
 )    
2.91
  
 
 The following stock awards were excluded from the calculation of diluted EPS:
 
   
Year Ended March 31,
  
   
2019
    
2018
    
2017
  
Stock awards that were anti-dilutive
    
1
      
106
      
110
  
Stock awards subject to performance conditions
    
10
      
--
      
--
  
Total stock awards excluded from diluted EPS
    
11
      
106
      
110