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Note 7 - Changes in Shareholders' Equity
 9 Months Ended
Dec. 31, 2021
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, 2021 and 2020 are summarized below (in thousands):

 

   

Additional

         
   

Paid-In

   

Retained

 
   

Capital

   

Earnings

 

Beginning balance at March 31, 2021:

   $ 7,111     $ 134,141  

Share based compensation

     718       -  

Dividends declared

     -       (6,080 )

Net income

     -       4,428  

Ending balance at June 30, 2021:

   $ 7,829     $ 132,489  

Share based compensation

     882       -  

Dividends declared

     -       (6,092 )

Net income

     -       6,349  

Ending balance at September 30, 2021:

   $ 8,711     $ 132,746  

Share based compensation

     1,440       -  

Dividends declared

     -       (6,282 )

Net income

     -       4,257  

Ending balance at December 31, 2021:

   $ 10,151     $ 130,721  

 

 

   

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  

 

There were no shares of common stock that were purchased or retired in the nine months ended December 31, 2021 and 2020. On December 31, 2021, the Company had approximately $28.7 million remaining under the Company’s share repurchase plan.