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Earnings Per Share (Tables)
9 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings (loss) per share Earnings per share have been computed based on the following weighted average number of common shares outstanding:

 

 

 

Three months ended
December 31,
(In thousands, except
per share amounts)

 

 

Nine months ended
December 31,
(In thousands, except
per share amounts)

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income per consolidated statements of income

 

$

(702

)

 

$

3,785

 

 

$

2,630

 

 

$

6,482

 

Percentage allocated to shareholders *

 

 

99.5

%

 

 

99.4

%

 

 

99.5

%

 

 

99.5

%

Numerator for basic and diluted earnings per share

 

$

(699

)

 

$

3,761

 

 

$

2,617

 

 

$

6,447

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

7,621

 

 

 

7,674

 

 

 

7,593

 

 

 

7,662

 

Dilutive effect of stock options

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for diluted earnings per share

 

 

7,621

 

 

 

7,674

 

 

 

7,593

 

 

 

7,662

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per share income from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.09

)

 

$

0.49

 

 

$

0.34

 

 

$

0.84

 

Diluted

 

 

(0.09

)

 

 

0.49

 

 

 

0.34

 

 

 

0.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Basic weighted-average shares outstanding

 

 

7,621

 

 

 

7,674

 

 

 

7,593

 

 

 

7,662

 

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

 

 

7,658

 

 

 

7,722

 

 

 

7,630

 

 

 

7,703

 

Percentage allocated to shareholders

 

 

99.5

%

 

 

99.4

%

 

 

99.5

%

 

 

99.5

%