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Earnings Per Share | 9 Months Ended
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Dec. 31, 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 and nine months ended December 31, 2024, the Company recognized a deemed dividend of $154 thousand for its redeemable noncontrolling interest to adjust the carrying amount of the redeemable noncontrolli ng interest to its redemption value, after giving effect to the change in its carrying amount from the net income (loss) attributable to the redeemable noncontrolling interest. The deemed dividend adjustment to record this redeemable noncontrolling interest at its redemption value was recorded to additional paid-in capital and there were no further adjustments to the net loss attributable to common shareholders for the purposes of calculating basic and dilutive loss per share. For the three and nine months ended December 31, 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 December 31, |  |  | Nine Months Ended December 31, |
| (In thousands, except per share amounts) |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator |  |  |  |  |  |  |  |  |  |  |
Net loss from continuing operations attributable to common shareholders before dividends | $ | (403 | ) |  | $ | (1,699 | ) |  | $ | (7,254 | ) |  | $ | (4,845 | )
Redeemable noncontrolling interest redemption value in excess of carrying value deemed dividend |  | (154 | ) |  |  | - |  |  |  | (154 | ) |  |  | - |
Net loss from continuing operations attributable to common shareholders | $ | (557 | ) |  | $ | (1,699 | ) |  | $ | (7,408 | ) |  | $ | (4,845 | )
Net income (loss) from discontinued operations attributable to common shareholders |  | 279 |  |  |  | (9,962 | ) |  |  | 3,139 |  |  |  | (15,745 | )
Net loss attributable to common shareholders | $ | (278 | ) |  | $ | (11,661 | ) |  | $ | (4,269 | ) |  | $ | (20,590 | )
Denominator |  |  |  |  |  |  |  |  |  |  |
Denominator for basic loss per share - weighted-average shares outstanding |  | 6,685 |  |  |  | 7,286 |  |  |  | 6,696 |  |  |  | 7,288 |
Dilutive effect of stock options |  | 5 |  |  |  | 10 |  |  |  | 5 |  |  |  | 10 |
Denominator for diluted earnings per share from discontinued operations |  | 6,690 |  |  |  | 7,296 |  |  |  | 6,701 |  |  |  | 7,298 |
Per share loss from continuing operations attributable to common shareholders |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.08 | ) |  | $ | (0.23 | ) |  | $ | (1.11 | ) |  | $ | (0.66 | )
Diluted |  | (0.08 | ) |  |  | (0.23 | ) |  |  | (1.11 | ) |  |  | (0.66 | )
Per share income (loss) from discontinued operations attributable to common shareholders |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.04 |  |  | $ | (1.37 | ) |  | $ | 0.47 |  |  | $ | (2.16 | )
Diluted |  | 0.04 |  |  |  | (1.37 | ) |  |  | 0.47 |  |  |  | (2.16 | )
Per share loss available to common stockholders |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.04 | ) |  | $ | (1.60 | ) |  | $ | (0.64 | ) |  | $ | (2.83 | )
Diluted |  | (0.04 | ) |  |  | (1.60 | ) |  |  | (0.64 | ) |  |  | (2.83 | )

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