v3.26.1
Changes in Shareholders’ Equity
 3 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Changes in Shareholders’ Equity
Note 8: Changes in Shareholders’ Equity
Changes in Shareholders’ Equity for the three months ended June 30, 2026 is summarized below (in thousands):
Common StockAdditional
Paid-In
Capital		Retained
Earnings
ShareAmounts
Beginning balance at March 31, 2026:21,386$21 $19,647 $9,263 
Net share settlement of restricted stock units297 1 (5)— 
Share-based compensation expense— — 198 — 
Net loss— — — (6,145)
Ending balance at June 30, 2026:21,683$22 $19,840 $3,118 
Changes in Shareholders’ Equity for the three months ended June 30, 2025 is summarized below (in thousands):
Common StockAdditional
Paid-In
Capital		Retained
Earnings
ShareAmounts
Beginning balance at March 31, 2025:20,657$21 $18,560 $66,544 
Net share settlement of restricted stock units178 — (28)— 
Share-based compensation expense— — 591 — 
Dividends forfeited— — — 1 
Net loss— — — (34,152)
Ending balance at June 30, 2025:20,835$21 $19,123 $32,393 
There were 2,817 and 6,843 shares of common stock that were purchased or retired in the three months ended June 30, 2026 and 2025.
On December 2, 2024, the Board of Directors adopted a Rights Agreement, as amended on November 26, 2025, extending the expiration date of the Rights through December 2, 2026. The Rights Agreement provides for a dividend distribution of one right for each outstanding share of common stock, subject to certain exercise, redemption, and expiration terms. There have been no material changes to the terms and conditions of the Rights Agreement from those previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2026.