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Note 17 - Quarterly Results (Unaudited)
 12 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Quarterly Financial Information [Text Block]

Note 17. Quarterly Results (unaudited)

 

Quarterly financial information for the years ended  March 31, 2021 and 2020 is summarized as follows. Earnings per share per quarter will not sum to reported annual earnings per share due to differences in average outstanding shares as reported on a quarterly basis (in thousands, except per share data):

 

2021

 

First Quarter

  

Second Quarter

  

Third Quarter

  

Fourth Quarter

 

Revenues

 $29,941  $31,860  $34,172  $37,964 

Gross profit

  20,340   21,285   20,653   24,736 

Net income (loss)

  1,217   2,679   (4,542)  3,920 

Basic earnings (loss) per share

 $0.27  $0.52  $(0.89) $0.76 

Diluted earnings (loss) per share

  0.26   0.51   (0.89)  0.74 

 

 

2020

 

First Quarter

  

Second Quarter

  

Third Quarter

  

Fourth Quarter

 

Revenues

 $26,288  $25,536  $31,655  $34,208 

Gross profit

  16,204   15,586   14,803   18,769 

Net income

  4,662   3,172   (4,504)  (1,552)

Basic earnings per share

 $1.20  $0.76  $(1.03) $(0.37)

Diluted earnings per share

  1.14   0.73   (1.03)  (0.37)