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Earnings per Share (Tables)
12 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Amounts Used in Computing Earnings per Share and the Effect on Earnings and the Weighted Average Number of Shares of Dilutive Potential Common Shares

The following data shows the amounts used in computing earnings per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares.

 

 

Year Ended March 31,

 

(In thousands, except per share data)

2022

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

$

6,478

 

 

$

(21,001

)

 

$

(34,067

)

Series A convertible preferred stock issuance costs

 

 

 

 

(1,031

)

 

 

 

Series A convertible preferred stock dividends

 

(1,836

)

 

 

(1,576

)

 

 

 

Net income (loss) attributable to common shareholders

$

4,642

 

 

$

(23,608

)

 

$

(34,067

)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

24,357

 

 

 

23,458

 

 

 

23,233

 

Dilutive SSARs

 

1,063

 

 

 

 

 

 

 

Dilutive unvested restricted shares

 

63

 

 

 

 

 

 

 

Weighted average shares outstanding - diluted

 

25,483

 

 

 

23,458

 

 

 

23,233

 

 

 

 

 

 

 

 

 

 

Income (loss) per share - basic:

$

0.19

 

 

$

(1.01

)

 

$

(1.47

)

Income (loss) per share - diluted:

$

0.18

 

 

$

(1.01

)

 

$

(1.47

)

 

 

 

 

 

 

 

 

 

Anti-dilutive stock options, SSARs, restricted shares,
   performance shares and preferred shares

 

1,736

 

 

 

4,228

 

 

 

1,510