v3.26.1
Note 9 - Earnings Per Share
12 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

9. 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,

 
   

2026

   

2025

 

Numerator (basic and diluted)

               

Net earnings

  $ 19,533     $ 6,085  

Less: Allocation to unvested restricted stock awards

    317       21  

Net earnings attributable to common shareholders

  $ 19,216     $ 6,064  
                 

Denominator (basic and diluted)

               

Weighted average common shares outstanding

    6,966,887       6,944,602  

 

For fiscal 2026 and fiscal 2025, the Company allocated dividends and undistributed earnings to the unvested restricted stock awards. 

 

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

 

   

Year Ended March 31,

 
   

2026

   

2025

 

Restricted Stock Awards

    96,700       12,400