Changes in Shareholders' Equity

6 Months Ended

Sep. 30, 2023

Equity [Abstract]

Changes in Shareholders' Equity

Changes in Shareholders’ Equity:

Changes in Shareholders’ Equity for the six months ended September 30, 2023 is summarized below (in thousands):

	Common Stock		Additional Paid-In Capital		Retained Earnings
Beginning balance at March 31, 2023:	$	21	$	18,277	$	105,488
Share based compensation	—		1,760		—
Dividends declared	—		—		(6,346)
Net loss	—		—		(887)
Ending balance at June 30, 2023:	$	21	$	20,037	$	98,255
Share based compensation	—		1,729		—
Dividends declared	—		—		(6,309)
Net loss	—		—		(70)
Ending balance at September 30, 2023:	$	21	$	21,766	$	91,876

Changes in Shareholders’ Equity for the six months ended September 30, 2022 is summarized below (in thousands):

	Common Stock		Additional Paid-In Capital		Retained Earnings
Beginning balance at March 31, 2022:	$	21	$	11,660	$	130,496
Share based compensation	—		1,536		—
Dividends declared	—		—		(6,297)
Net income	—		—		2,775
Ending balance at June 30, 2022	$	21	$	13,196	$	126,974
Share based compensation	—		1,681		—
Dividends declared	—		—		(6,307)
Net income	—		—		2,579
Ending balance at September 30, 2022	$	21	$	14,877	$	123,246

There were no shares of common stock that were purchased or retired in the six months ended September 30, 2023 or 2022. At September 30, 2023, the Company had approximately $28.7 million remaining under the Company’s share repurchase plan.