v3.26.1
Note 8 - Earnings per Share
 3 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 8. Earnings per Share 

 

The following table presents a reconciliation of the denominators used in the computation of basic and diluted earnings per share ("EPS"):

 

  

Three Months Ended June 30,

 
  

2026

  

2025

 

Net income available for shareholders

 $2,830  $4,742 

Weighted average outstanding shares of common stock(1)

  5,657   5,465 

Dilutive effect of unvested stock awards

  100   88 

Fully diluted shares

  5,757   5,553 
         

Basic earnings per share

 $0.50  $0.87 

Diluted earnings per share

 $0.49  $0.85 

(1) Weighted average outstanding shares of common stock includes awards that have not yet vested and are not yet legally outstanding, but for which no vesting criteria other than the passage of time remain. For example, this includes RSUs granted to retirement-eligible employees and certain awards granted to our former CEO that are not subject to continued service requirements but have not yet vested. 

 

The following contingently issuable securities were excluded from the calculation of diluted EPS as their inclusion would be anti-dilutive:

 

  

Three Months Ended June 30,

 
  

2026

  

2025

 

Assumed conversion of the Notes

  -   344 

Stock awards that were anti-dilutive

  136   161 

Total stock awards excluded from diluted EPS

  136   505 

 

Stock awards are potentially dilutive securities and as such are excluded from the calculation of diluted EPS if their inclusion would be anti-dilutive, or if achievement of performance-based thresholds as of our reporting date would not result in the awards vesting.