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Note 9 - Net (Loss) Per Share

3 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 9. Net (Loss) Per Share

Basic net (loss) per share is computed by dividing net (loss) by the weighted-average number of common shares outstanding during the reporting period. Diluted (loss) per share (“diluted EPS”) is computed similarly to basic (loss) per share, except that it includes the potential dilution that could occur if dilutive securities were exercised. Potentially dilutive securities include stock options and both time and performance based RSUs (collectively “stock awards”), as well as common shares underlying the Notes. Stock awards are excluded from the calculation of diluted EPS if 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 then have an antidilutive effect.

The impact of the assumed conversion of the Notes calculated under the if-converted method was antidilutive, and as such, shares underlying the Notes were excluded from the diluted EPS calculation for the three months ended June 30, 2023. 

The following table presents a reconciliation of the denominators used in the computation of basic and diluted (loss) per share:

		Three Months Ended June 30,
		2023				2022
Net (loss) available for shareholders		$	(549	)		$	(1,438	)
Weighted average outstanding shares of common stock			5,372				5,273
Dilutive effect of stock options			-				-
Dilutive effect of RSUs			-				-
Fully diluted shares			5,372				5,273
Basic (loss) per share		$	(0.10	)		$	(0.27	)
Diluted (loss) per share		$	(0.10	)		$	(0.27	)

The following stock awards were excluded from the calculation of diluted EPS:

		Three Months Ended June 30,
		2023				2022
Assumed conversion of the Notes			608				608
Stock awards that were anti-dilutive			227				315
Stock awards subject to performance and market conditions			40				45
Total stock awards excluded from diluted EPS			875				968

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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
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-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
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-Section 50
-Paragraph 2
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-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
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-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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