XML 28 R17.htm IDEA: XBRL DOCUMENT v3.23.3

Note 9 - Net (Loss) Earnings Per Share

6 Months Ended

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

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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-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
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

+ Details

Name:	us-gaap_EarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration