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Note 9 - Net (Loss) Earnings Per Share | 6 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 9. Net (Loss) Earnings Per Share Basic net (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 stock options and both time and performance based RSUs (collectively “stock awards”), as well as common shares underlying our 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 if they are antidilutive. Diluted EPS does not consider the impact of potentially dilutive in periods in which there is a loss because the inclusion of the potential common shares would have an antidilutive effect in such cases. 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 and six months ended September 30, 2023 and September 30, 2022. The following table presents a reconciliation of the denominators used in the computation of basic and diluted (loss) earnings per share:
|  | Three Months Ended September 30, |  |  | Six Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net (loss) income |  | $ | (1,230 | ) |  | $ | 1,306 |  |  | $ | (1,779 | ) |  | $ | (132 | )
Weighted average outstanding shares of common stock |  |  | 5,387 |  |  |  | 5,323 |  |  |  | 5,379 |  |  |  | 5,298 |
Dilutive effect of stock options |  |  | - |  |  |  | 27 |  |  |  | - |  |  |  | - |
Dilutive effect of RSUs |  |  | - |  |  |  | 14 |  |  |  | - |  |  |  | - |
Fully diluted shares |  |  | 5,387 |  |  |  | 5,364 |  |  |  | 5,379 |  |  |  | 5,298 |
Basic (loss) earnings per share |  | $ | (0.23 | ) |  | $ | 0.25 |  |  | $ | (0.33 | ) |  | $ | (0.02 | )
Diluted (loss) earnings per share |  | $ | (0.23 | ) |  | $ | 0.24 |  |  | $ | (0.33 | ) |  | $ | (0.02 | )
The following stock awards were excluded from the calculation of diluted EPS:
|  | Three Months Ended September 30, |  |  | Six Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Assumed conversion of the Notes |  |  | 608 |  |  |  | 608 |  |  |  | 608 |  |  |  | 608 |
Stock awards that were anti-dilutive |  |  | 282 |  |  |  | 154 |  |  |  | 255 |  |  |  | 328 |
Stock awards subject to performance and market conditions |  |  | 43 |  |  |  | 60 |  |  |  | 41 |  |  |  | 52 |
Total stock awards excluded from diluted EPS |  |  | 933 |  |  |  | 822 |  |  |  | 904 |  |  |  | 988 |

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