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Note 8 - (Loss) Earnings per Share
 3 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 8. Earnings Per Share

 

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

 

  

Three Months Ended June 30,

 
  

2025

  

2024

 

Net income available for shareholders

 $4,742  $3,388 

Weighted average outstanding shares of common stock

  5,465   5,397 

Dilutive effect of stock options

  -   - 

Dilutive effect of RSUs and PSUs

  88   27 

Fully diluted shares

  5,553   5,424 
         

Basic earnings per share

 $0.87  $0.63 

Diluted earnings per share

 $0.85  $0.62 

 

Potentially dilutive securities include stock options and unvested 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 or market conditions that have not yet been achieved as of our reporting date, or if they are antidilutive. 

 

The following potentially dilutive securities were excluded from the calculation of diluted EPS:

 

  

Three Months Ended June 30,

 
  

2025

  

2024

 

Assumed conversion of the Notes

  344   373 

Stock awards that were anti-dilutive

  161   209 

Total securities excluded from diluted EPS

  505   582 

 

Shares underlying the Notes were excluded from the diluted EPS calculation for the three months ended June 30, 2025 and 2024 as the impact of the assumed conversion of the Notes calculated under the if-converted method was antidilutive.