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Earnings (Loss) Per Share (Tables)

9 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share and Reconciliation of Weighted Average Number of Common and Common Equivalent Shares Outstanding

The following table sets forth the computation of basic and diluted earnings per share and a reconciliation of the weighted average number of common and common equivalent shares outstanding for the three and nine months ended December 31, 2024:

		Three Months Ended December 31,								Nine Months Ended December 31,
		2024				2023				2024				2023
		(in thousands, except share & per share data)
Numerator:
Net income (loss) attributable to common stock holders		$	7,024			$	(2,864	)		$	2,485			$	(6,946	)
Less: earnings attributable to participating common warrant holders			(1,009	)			—				(359	)			—
Net income (loss) attributable to common stock holders - basic and diluted		$	6,015			$	(2,864	)		$	2,126			$	(6,946	)
Denominator:
Weighted average shares of common stock - basic			15,879,951				12,828,011				15,765,996				11,677,870
Effect of dilutive common stock equivalents			1,894,289				—				1,806,734				—
Weighted average shares of common stock - diluted			17,774,240				12,828,011				17,572,730				11,677,870
Earnings per share:
Basic earnings (loss) per share		$	0.38			$	(0.22	)		$	0.13			$	(0.59	)
Effect of dilutive common stock equivalents			(0.04	)			—				(0.01	)			—
Diluted earnings (loss) per share		$	0.34			$	(0.22	)		$	0.12			$	(0.59	)

Schedule of Common Equivalent Shares Outstanding at Period-End Have Been Excluded from Computation of Earnings Per Share, as their Inclusion Would Have Been Anti-Dilutive

The following common equivalent shares outstanding at period-end have been excluded from the computation of earnings per share, as their inclusion would have been anti-dilutive:

		Three Months Ended December 31,								Nine Months Ended December 31,
		2024				2023				2024				2023
Options to purchase common stock			400				927				400				927
Stock appreciation rights			770,969				797,110				770,969				762,239
Warrants to purchase common stock			2,656,667				2,666,667				2,656,667				2,666,667

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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