XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.20.4

Note 9 - (Loss) Earnings Per Share | 9 Months Ended
--- | ---
Dec. 31, 2020
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 9. (Loss) Earnings Per Share Basic (loss) earnings per share is computed by dividing net (loss) income by the weighted-average number of common shares outstanding during the reporting period. Diluted (loss) earnings per share (“diluted EPS”) is computed similarly to basic (loss) earnings per share, except that it includes the potential dilution that could occur if dilutive securities were exercised. Potentially dilutive securities include common shares related to stock options and RSUs, including RSUs that contain performance conditions which have been achieved as of the reporting period (collectively “stock awards”). Stock awards are excluded from the calculation of diluted EPS in the event that they are subject to performance conditions that have not yet been achieved or are antidilutive. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an antidilutive effect. There was no dilution in our diluted EPS calculation for the three and nine months ended December 31, 2020 and the three months ended December 31, 2019 because we incurred net losses in those periods and the effect would have been antidilutive. The impact of the assumed conversion of the Notes calculated under the if-converted method was anti-dilutive, and as such, shares underlying the Notes were excluded from the diluted EPS calculation for the three and nine months ended December 31, 2020. The following table presents a reconciliation of the denominators used in the computation of basic and diluted (loss) earnings per share (shares in thousands):
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Net (loss) income available for shareholders |  | $ | (4,542 | ) |  | $ | (4,504 | ) |  | $ | (646 | ) |  | $ | 3,330 |
Weighted average outstanding shares of common stock |  |  | 5,125 |  |  |  | 4,367 |  |  |  | 4,922 |  |  |  | 4,142 |
Dilutive effect of stock options |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 251 |
Dilutive effect of time-based non-vested shares |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 25 |
Dilutive effect of performance-based non-vested shares |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Fully diluted shares |  |  | 5,125 |  |  |  | 4,367 |  |  |  | 4,922 |  |  |  | 4,418 |
Basic (loss) earnings per share |  | $ | (0.89 | ) |  | $ | (1.03 | ) |  | $ | (0.13 | ) |  | $ | 0.80 |
Diluted (loss) earnings per share |  | $ | (0.89 | ) |  | $ | (1.03 | ) |  | $ | (0.13 | ) |  | $ | 0.75 |
The following stock awards were excluded from the calculation of diluted EPS:
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Assumed conversion of convertible debt |  |  | 608 |  |  |  | 608 |  |  |  | 608 |  |  |  | 318 |
Stock awards that were anti-dilutive |  |  | 307 |  |  |  | 343 |  |  |  | 313 |  |  |  | 22 |
Stock awards subject to performance conditions |  |  | 11 |  |  |  | 21 |  |  |  | 17 |  |  |  | 15 |
Total stock awards excluded from diluted EPS |  |  | 926 |  |  |  | 972 |  |  |  | 938 |  |  |  | 355 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration