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Earnings Per Share (Tables)
 3 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings (loss) per share

 

 

Three months ended

June 30,

(In thousands, except

per share amounts)

 

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

591

 

 

$

1,420

 

Less: Allocation of earnings to participating securities

 

 

(4

)

 

 

(11

)

Net income allocated to common stock

 

$

587

 

 

$

1,409

 

Basic earnings per share computation:

 

 

 

 

 

 

 

 

Net income allocated to common stock

 

$

587

 

 

$

1,409

 

Weighted average common shares outstanding, including

   shares considered participating securities

 

 

7,973

 

 

 

7,890

 

Less: Weighted average participating securities outstanding

 

 

(52

)

 

 

(71

)

Weighted average shares of common stock

 

 

7,921

 

 

 

7,819

 

Basic earnings per share

 

$

0.07

 

 

$

0.18

 

Diluted earnings per share computation:

 

 

 

 

 

 

 

 

Net income allocated to common stock

 

$

587

 

 

$

1,409

 

Undistributed earnings re-allocated to participating securities

 

 

—

 

 

 

—

 

Numerator for diluted earnings per share

 

$

587

 

 

$

1,409

 

Weighted average common shares outstanding for basic

   earnings per share

 

 

7,921

 

 

 

7,819

 

Incremental shares from stock options

 

 

1

 

 

 

11

 

Weighted average shares and dilutive potential common shares

 

 

7,922

 

 

 

7,830

 

Diluted earnings per share

 

$

0.07

 

 

$

0.18