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Note 9 - Earnings Per Share | 12 Months Ended
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Mar. 31, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | 9. EARNINGS PER SHARE Basic and dilutive net earnings per share is computed based on the following information (in thousands, except for share data):
|  | Year Ended March 31, |
|  | 2024 |  |  | 2023 |
Numerator (basic and diluted) |  |  |  |  |  |  |  |
Net earnings |  | $ | 17,345 |  |  | $ | 21,344 |
Less: Allocation to unvested restricted stock units |  | $ | 177 |  |  | $ | 329 |
Net earnings attributable to common shareholders |  |  | 17,168 |  |  |  | 21,015 |
Denominator (basic and diluted) |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 7,183,702 |  |  |  | 7,216,142 |
For fiscal 2024 and fiscal 2023, 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:
|  | Year Ended March 31, |
|  | 2024 |  |  | 2023 |
Restricted Stock Units |  |  | 48,049 |  |  |  | 55,546 |

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