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Note L - Stockholders' Equity | 9 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Equity [Text Block] | NOTE L — STOCKHOLDERS’ EQUITY During the three months ended December 31, 2023, the Company repurchased 400,041 shares of the Company's common stock from Metal One Corporation for an aggregate purchase price of approximately $5.1 million. In addition, the Board of Directors of the Company authorized a share repurchase program on December 13, 2023 under which the Company may repurchase up to 1,045,774 shares of the Company's outstanding common stock through December 13, 2026, which equates to 15% of the Company's outstanding shares of common stock after the repurchase of shares from Metal One Corporation. The Company did not make any repurchases under this authorization during the quarter ended December 31, 2023. The following tables reflect the changes in stockholders’ equity for each of the nine months ended December 31, 2023 and December 31, 2022 (in thousands):
|  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Comprehensive |  |  | Additional |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Common |  |  | Income, |  |  | Paid-In |  |  | Treasury |  |  | Retained |  |  |  |  |
|  | Stock |  |  | Net of Tax |  |  | Capital |  |  | Stock |  |  | Earnings |  |  | Total |
BALANCE AT MARCH 31, 2023 |  | $ | 8,869 |  |  |  | (317 | ) |  | $ | 35,005 |  |  | $ | (7,778 | ) |  | $ | 79,653 |  |  | $ | 115,432 |
Net earnings |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,690 |  |  |  | 7,690 |
Other comprehensive income |  |  | — |  |  |  | 317 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 317 |
Paid in capital – restricted stock units |  |  | — |  |  |  | — |  |  |  | 78 |  |  |  | — |  |  |  | — |  |  |  | 78 |
Cash dividends ($0.02 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (148 | ) |  |  | (148 | )
BALANCE AT JUNE 30, 2023 |  | $ | 8,869 |  |  | $ | — |  |  | $ | 35,083 |  |  | $ | (7,778 | ) |  | $ | 87,195 |  |  | $ | 123,369 |
Net earnings |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,513 |  |  |  | 3,513 |
Paid in capital – restricted stock units |  |  | — |  |  |  | — |  |  |  | 78 |  |  |  | — |  |  |  | — |  |  |  | 78 |
Repurchase of shares |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3 | ) |  |  | — |  |  |  | (3 | )
Cash dividends ($0.02 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (148 | ) |  |  | (148 | )
BALANCE AT SEPTEMBER 30, 2023 |  | $ | 8,869 |  |  | $ | — |  |  | $ | 35,161 |  |  | $ | (7,781 | ) |  | $ | 90,560 |  |  | $ | 126,809 |
Net earnings |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,184 |  |  |  | 1,184 |
Paid in capital – restricted stock units |  |  | — |  |  |  | — |  |  |  | 37 |  |  |  | — |  |  |  | — |  |  |  | 37 |
Repurchase of shares |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5,148 | ) |  |  | — |  |  |  | (5,148 | )
Cash dividends ($0.02 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (139 | ) |  |  | (139 | )
BALANCE AT DECEMBER 31, 2023 |  | $ | 8,869 |  |  | $ | — |  |  | $ | 35,198 |  |  | $ | (12,929 | ) |  | $ | 91,605 |  |  | $ | 122,743 |
|  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Comprehensive |  |  | Additional |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Common |  |  | Income, |  |  | Paid-In |  |  | Treasury |  |  | Retained |  |  |  |  |
|  | Stock |  |  | Net of Tax |  |  | Capital |  |  | Stock |  |  | Earnings |  |  | Total |
BALANCE AT MARCH 31, 2022 |  | $ | 8,345 |  |  |  | (10,268 | ) |  | $ | 30,442 |  |  | $ | (7,741 | ) |  | $ | 58,909 |  |  | $ | 79,687 |
Net earnings |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11,184 |  |  |  | 11,184 |
Other comprehensive income |  |  | — |  |  |  | 7,174 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,174 |
Paid in capital – restricted stock units |  |  | — |  |  |  | — |  |  |  | 73 |  |  |  | — |  |  |  | — |  |  |  | 73 |
Shares issued - Plateplus business combination |  |  | 516 |  |  |  | — |  |  |  | 4,268 |  |  |  | — |  |  |  | — |  |  |  | 4,784 |
Repurchase of shares |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (29 | ) |  |  | — |  |  |  | (29 | )
Cash dividends ($0.02 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (158 | ) |  |  | (158 | )
BALANCE AT JUNE 30, 2022 |  | $ | 8,861 |  |  | $ | (3,094 | ) |  | $ | 34,783 |  |  | $ | (7,770 | ) |  | $ | 69,935 |  |  | $ | 102,715 |
Net earnings |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,471 |  |  |  | 2,471 |
Other comprehensive income |  |  | — |  |  |  | 1,578 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,578 |
Paid in capital – restricted stock units |  |  | — |  |  |  | — |  |  |  | 73 |  |  |  | — |  |  |  | — |  |  |  | 73 |
Cash dividends ($0.02 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (147 | ) |  |  | (147 | )
BALANCE AT SEPTEMBER 30, 2022 |  | $ | 8,861 |  |  | $ | (1,516 | ) |  | $ | 34,856 |  |  | $ | (7,770 | ) |  | $ | 72,259 |  |  | $ | 106,690 |
Net earnings |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,376 |  |  |  | 1,376 |
Other comprehensive income |  |  | — |  |  |  | 669 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 669 |
Issuance of restricted stock |  |  | 8 |  |  |  | — |  |  |  | (8 | ) |  |  | — |  |  |  | — |  |  |  | — |
Paid in capital – restricted stock units |  |  | — |  |  |  | — |  |  |  | 78 |  |  |  | — |  |  |  | — |  |  |  | 78 |
Repurchase of shares |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7 | ) |  |  | — |  |  |  | (7 | )
Cash dividends ($0.02 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (148 | ) |  |  | (148 | )
BALANCE AT DECEMBER 31, 2022 |  | $ | 8,869 |  |  | $ | (847 | ) |  | $ | 34,926 |  |  | $ | (7,777 | ) |  | $ | 73,487 |  |  | $ | 108,658 |

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