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Note 7 - Changes in Shareholders' Equity

9 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

Note 7: Changes in Shareholders’ Equity

Changes in shareholders’ equity for the nine months ended December 31, 2020 and 2019 are summarized below (in thousands):

		Additional
		Paid-In				Retained
		Capital				Earnings
Beginning balance at March 31, 2020:		$	3,804			$	126,177
Share based compensation			740				-
Dividends declared			-				(5,647	)
Net income			-				7,768
Ending balance at June 30, 2020:		$	4,544			$	128,298
Share based compensation			773				-
Dividends declared			-				(5,647	)
Net income			-				8,412
Ending balance at September 30, 2020:		$	5,317			$	131,063
Share based compensation			781				-
Dividends declared			-				(5,674	)
Net income			-				7,611
Ending balance at December 31, 2020:		$	6,098			$	133,000

		Additional
		Paid-In				Retained
		Capital				Earnings
Beginning balance at March 31, 2019:		$	12,478			$	122,172
Share based compensation			635				-
Dividends declared			-				(5,518	)
Repurchase and retirement of common stock			(11,496	)			-
Net income			-				5,343
Ending balance at June 30, 2019:		$	1,617			$	121,997
Share based compensation			730				-
Dividends declared			-				(5,447	)
Net income			-				6,665
Ending balance at September 30, 2019:		$	2,347			$	123,215
Share based compensation			716				-
Dividends declared			-				(5,437	)
Net income			-				6,840
Ending balance at December 31, 2019:		$	3,063			$	124,618

During the nine months ended December 31, 2019, the Company purchased and retired approximately 613,000 shares of its common stock for approximately $11.5 million. There were no shares of common stock that were purchased or retired in the nine months ended December 31, 2020. At December 31, 2020, the Company had approximately $28.7 million remaining under the Company’s share repurchase plan.

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- References

No definition available.

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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