| Schedule of computation of basic and diluted earnings (loss) per share |
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Three months ended
December 31,
(In thousands, except
per share amounts) |
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Nine months ended
December 31,
(In thousands, except
per share amounts) |
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2019 |
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2018 |
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2019 |
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2018 |
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Numerator: |
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Net income (loss) |
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$ |
311 |
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|
$ |
(905 |
) |
|
$ |
1,170 |
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|
$ |
1,097 |
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Less: Allocation of earnings to participating securities |
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|
(2 |
) |
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|
5 |
|
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|
(6 |
) |
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|
(10 |
) |
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Net income (loss) allocated to common stock |
|
$ |
309 |
|
|
$ |
(900 |
) |
|
$ |
1,164 |
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|
$ |
1,087 |
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Basic earnings per share computation: |
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Net income (loss) allocated to common stock |
|
$ |
309 |
|
|
$ |
(900 |
) |
|
$ |
1,164 |
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|
$ |
1,087 |
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Weighted average common shares outstanding, including
shares considered participating securities |
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|
7,970 |
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|
7,859 |
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|
7,901 |
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|
7,855 |
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Less: Weighted average participating securities outstanding |
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|
(52 |
) |
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(46 |
) |
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(40 |
) |
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(68 |
) |
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Weighted average shares of common stock |
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7,918 |
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|
|
7,813 |
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|
7,861 |
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|
|
7,787 |
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Basic earnings (loss) per share |
|
$ |
0.04 |
|
|
$ |
(0.12 |
) |
|
$ |
0.15 |
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|
$ |
0.14 |
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Diluted earnings per share computation: |
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Net income (loss) allocated to common stock |
|
$ |
309 |
|
|
$ |
(900 |
) |
|
$ |
1,164 |
|
|
$ |
1,087 |
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|
Undistributed earnings re-allocated to participating securities |
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|
2 |
|
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— |
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|
6 |
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|
— |
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Numerator for diluted earnings (loss) per share |
|
$ |
311 |
|
|
$ |
(900 |
) |
|
$ |
1,170 |
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|
$ |
1,087 |
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Weighted average common shares outstanding for basic
earnings per share |
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|
7,918 |
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|
7,813 |
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|
|
7,861 |
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|
7,787 |
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Incremental shares from stock options |
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|
1 |
|
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|
7 |
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|
1 |
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— |
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Weighted average shares and dilutive potential common shares |
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7,919 |
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|
7,820 |
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|
7,862 |
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7,787 |
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Diluted earnings (loss) per share |
|
$ |
0.04 |
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|
$ |
(0.12 |
) |
|
$ |
0.15 |
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|
$ |
0.14 |
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