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Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings (loss) per share

		Three months ended December 31, (In thousands, except per share amounts)								Nine months ended December 31, (In thousands, except per share amounts)
		2020				2019				2020				2019
Numerator:
Net income		$	3,785			$	311			$	6,482			$	1,170
Less: Allocation of earnings to participating securities			(23	)			(2	)			(34	)			(6	)
Net income allocated to common stock		$	3,762			$	309			$	6,448			$	1,164
Basic earnings per share computation:
Net income allocated to common stock		$	3,762			$	309			$	6,448			$	1,164
Weighted average common shares outstanding, including shares considered participating securities			7,722				7,970				7,703				7,901
Less: Weighted average participating securities outstanding			(48	)			(52	)			(41	)			(40	)
Weighted average shares of common stock			7,674				7,918				7,662				7,861
Basic earnings per share		$	0.49			$	0.04			$	0.84			$	0.15
Diluted earnings per share computation:
Net income allocated to common stock		$	3,762			$	309			$	6,448			$	1,164
Undistributed earnings re-allocated to participating securities			23				2				34				6
Numerator for diluted earnings per share		$	3,785			$	311			$	6,482			$	1,170
Weighted average common shares outstanding for basic earnings per share			7,674				7,918				7,662				7,861
Incremental shares from stock options			—				1				—				1
Weighted average shares and dilutive potential common shares			7,674				7,919				7,662				7,862
Diluted earnings per share		$	0.49			$	0.04			$	0.85			$	0.15