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Net Income Per Share | 12 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per ShareIn accordance with the provisions of ASC Topic 260 (“Earnings Per Share”) basic net income per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per common share includes the dilutive effect of potential restricted stock and the effects of the potential conversion of preferred shares, calculated using the treasury stock method. Unvested restricted stock, and convertible preferred shares issued by the Company represent the only dilutive effect reflected in diluted weighted average shares outstanding. The following is a reconciliation of the numerators and denominators of the basic and diluted net income per share computations for the periods presented (in thousands, except for per share amounts):
| Year Ended March 31,
| 2023 |  | 2022 |  | 2021
Net income (numerator): |  |  |  |  |
Net income | $ | 233 |  |  | $ | 21,100 |  |  | $ | 30,603 |
Shares (denominator) |  |  |  |  |
Weighted average number of common shares outstanding used in basic computation | 20,275 |  | 20,176 |  | 20,060
Common shares issuable upon the vesting of restricted stock | 54 |  | 172 |  | 49
Common shares issuable upon conversion of preferred shares | 10 |  | 10 |  | 10
Shares used in diluted computation | 20,339 |  | 20,358 |  | 20,119
Net income per common share: |  |  |  |  |
Basic | $ | 0.01 |  |  | $ | 1.05 |  |  | $ | 1.53 |
Diluted | $ | 0.01 |  |  | $ | 1.04 |  |  | $ | 1.52 |
At March 31, 2023, 2022, and 2021, 745,854, 220,727, and 20,952 shares of common restricted stock, respectively, were excluded from the computations of diluted net income per common share, as their inclusion would have had an anti-dilutive effect on diluted net income per common share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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