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Earnings Per Share (Tables)
3 Months Ended
Jun. 30, 2021
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)

 

 

 

2021

 

 

2020

 

Numerator

 

 

 

 

 

 

 

 

Net income per consolidated statements of income

 

$

1,729

 

 

$

1,430

 

Percentage allocated to shareholders *

 

 

99

%

 

 

99

%

Numerator for basic and diluted earnings per share

 

$

1,720

 

 

$

1,422

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Denominator for Basic earnings per share - weighted-average shares outstanding

 

 

7,650

 

 

 

7,758

 

Dilutive effect of stock options

 

 

 

 

 

 

Denominator for diluted earnings per share

 

 

7,650

 

 

 

7,758

 

 

 

 

 

 

 

 

 

 

Per share income from continuing operations

 

 

 

 

 

 

 

 

Basic

 

$

0.22

 

 

$

0.18

 

Diluted

 

 

0.22

 

 

 

0.18

 

 

 

 

 

 

 

 

 

 

* Basic weighted-average shares outstanding

 

 

7,650

 

 

 

7,758

 

   Basic weighted-average shares outstanding and unvested restricted stock units expected to vest

 

 

7,689

 

 

 

7,801

 

Percentage allocated to shareholders

 

 

99

%

 

 

99

%