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Note N - Earnings Per Share | 6 Months Ended
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Sep. 30, 2022
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE N — EARNINGS PER SHARE Basic and dilutive net earnings per share is computed based on the following information:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Numerator (basic and diluted) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 2,470,908 |  |  | $ | 13,177,614 |  |  | $ | 13,655,282 |  |  | $ | 24,489,411 |
Less: Allocation to unvested restricted stock units |  |  | 42,249 |  |  |  | 608,873 |  |  |  | 236,244 |  |  |  | 1,124,767 |
Net earnings attributable to common shareholders |  | $ | 2,428,659 |  |  | $ | 12,568,741 |  |  | $ | 13,419,038 |  |  | $ | 23,364,644 |
Denominator (basic and diluted) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 7,243,080 |  |  |  | 6,584,912 |  |  |  | 7,157,073 |  |  |  | 6,584,912 |
For the three and six month periods ended September 30, 2022 and 2021, the Company allocated dividends and undistributed earnings to the unvested restricted stock units. As the restricted stock qualifies as participating securities, the following restricted stock units were not accounted in the computation of weighted average diluted common shares outstanding under the two-class method:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Restricted Stock Units |  |  | 76,811 |  |  |  | 263,552 |  |  |  | 73,211 |  |  |  | 254,759 |

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