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Earnings Per Share | 3 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Note 5. Earnings Per Share The Company has granted stock compensation awards with nonforfeitable dividend rights which are considered participating securities. Earnings per share is calculated using the two-class method, as such awards are more dilutive under this method than the treasury stock method. Ordinarily, basic earnings per share is calculated by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period, which excludes the participating securities. The Company's participating securities are non-vested restricted shares which are not required to share losses, and accordingly, are not allocated losses in periods of net loss. Dilutive earnings per share are calculated by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period which includes the dilutive effect of additional potential common shares from stock compensation awards. In a period of loss, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. Therefore, in periods when a loss is reported, basic and dilutive loss per share are the same. In accordance with ASC 480-10-S99-3A, as the Company's redeemable noncontrolling interest is redeemable at an amount other than fair value, the Company has made an accounting policy election to reflect the entire adjustment to the carrying value as a deemed dividend. For the three months ending June 30, 2024, the change in the redemption amount was deemed immaterial and no adjustment was made to the numerator for calculating earnings per share. For the three months ended June 30, 2024 and 2023, potentially dilutive securities that were not included in the diluted net loss per share calculation because they would be anti-dilutive comprise 5 thousand and 10 thousand shares from options to purchase common shares, respectively. Loss and income per share has been computed based on the following weighted average number of common shares outstanding:
| Three months ended June 30, (In thousands, except per share amounts) |
| 2024 |  |  | 2023 |
Numerator |  |  |  |  |
Net loss from continuing operations attributable to common shareholders | $ | (5,337 | ) |  | $ | (1,488 | )
Net income from discontinued operations attributable to common shareholders |  | 2,059 |  |  |  | 3,044 |
Net (loss) income per consolidated statements of income attributable to common shareholders | $ | (3,278 | ) |  | $ | 1,556 |
Denominator |  |  |  |  |
Denominator for basic loss per share - weighted-average shares outstanding |  | 6,749 |  |  |  | 7,279 |
Dilutive effect of stock options |  | 5 |  |  |  | 10 |
Denominator for diluted earnings per share |  | 6,754 |  |  |  | 7,289 |
Per share loss from continuing operations attributable to common shareholders |  |  |  |  |
Basic | $ | (0.79 | ) |  | $ | (0.20 | )
Diluted |  | (0.79 | ) |  |  | (0.20 | )
Per share income from discontinued operations attributable to common shareholders |  |  |  |  |
Basic | $ | 0.31 |  |  | $ | 0.42 |
Diluted |  | 0.30 |  |  |  | 0.42 |
Per share (loss) income available to common stockholders |  |  |  |  |
Basic | $ | (0.49 | ) |  | $ | 0.21 |
Diluted |  | (0.49 | ) |  |  | 0.21 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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