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Earnings Per Share (Tables)
9 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings (loss) per share

 

 

Three months ended

December 31,

(In thousands, except

per share amounts)

 

 

Nine months ended

December 31,

(In thousands, except

per share amounts)

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

311

 

 

$

(905

)

 

$

1,170

 

 

$

1,097

 

Less: Allocation of earnings to participating securities

 

 

(2

)

 

 

5

 

 

 

(6

)

 

 

(10

)

Net income (loss) allocated to common stock

 

$

309

 

 

$

(900

)

 

$

1,164

 

 

$

1,087

 

Basic earnings per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) allocated to common stock

 

$

309

 

 

$

(900

)

 

$

1,164

 

 

$

1,087

 

Weighted average common shares outstanding, including

   shares considered participating securities

 

 

7,970

 

 

 

7,859

 

 

 

7,901

 

 

 

7,855

 

Less: Weighted average participating securities outstanding

 

 

(52

)

 

 

(46

)

 

 

(40

)

 

 

(68

)

Weighted average shares of common stock

 

 

7,918

 

 

 

7,813

 

 

 

7,861

 

 

 

7,787

 

Basic earnings (loss) per share

 

$

0.04

 

 

$

(0.12

)

 

$

0.15

 

 

$

0.14

 

Diluted earnings per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) allocated to common stock

 

$

309

 

 

$

(900

)

 

$

1,164

 

 

$

1,087

 

Undistributed earnings re-allocated to participating securities

 

 

2

 

 

 

 

 

 

6

 

 

 

 

Numerator for diluted earnings (loss) per share

 

$

311

 

 

$

(900

)

 

$

1,170

 

 

$

1,087

 

Weighted average common shares outstanding for basic

   earnings per share

 

 

7,918

 

 

 

7,813

 

 

 

7,861

 

 

 

7,787

 

Incremental shares from stock options

 

 

1

 

 

 

7

 

 

 

1

 

 

 

 

Weighted average shares and dilutive potential common shares

 

 

7,919

 

 

 

7,820

 

 

 

7,862

 

 

 

7,787

 

Diluted earnings (loss) per share

 

$

0.04

 

 

$

(0.12

)

 

$

0.15

 

 

$

0.14