v3.25.1
Note 8 - Earnings Per Share
12 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

8. EARNINGS PER SHARE

 

Basic and dilutive net earnings per share is computed based on the following information (in thousands, except for share data):

 

   

Year Ended March 31,

 
   

2025

   

2024

 

Numerator (basic and diluted)

               

Net earnings

  $ 6,085     $ 17,345  

Less: Allocation to unvested restricted stock units

  $ 21     $ 177  

Net earnings attributable to common shareholders

    6,064       17,168  
                 

Denominator (basic and diluted)

               

Weighted average common shares outstanding

    6,944,602       7,183,702  

 

For fiscal 2025 and fiscal 2024, the Company allocated dividends and undistributed earnings to the unvested restricted stock units. 

 

As the restricted stock qualifies as participating securities, the following restricted stock units were not accounted in the computation of weighted average diluted common shares outstanding under the two-class method:

 

   

Year Ended March 31,

 
   

2025

   

2024

 

Restricted Stock Units

    12,400       48,049