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Earnings Per Share (Tables)
6 Months Ended
Sep. 30, 2023
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.

 

 

Three Months Ended September 30,

 

 

Six Months Ended September 30,

 

(In thousands, except per share data)

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income

$

4,545

 

 

$

3,576

 

 

$

6,093

 

 

$

6,615

 

Series A convertible preferred stock dividends

 

(459

)

 

 

(459

)

 

 

(918

)

 

 

(918

)

Net income attributable to common shareholders

$

4,086

 

 

$

3,117

 

 

$

5,175

 

 

$

5,697

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

25,022

 

 

 

24,652

 

 

 

24,979

 

 

 

24,625

 

Dilutive SSARs

 

919

 

 

 

992

 

 

 

964

 

 

 

881

 

Dilutive unvested restricted shares

 

171

 

 

 

139

 

 

 

201

 

 

 

85

 

Dilutive unvested restricted stock units

 

5

 

 

 

 

 

 

4

 

 

 

 

Weighted average shares outstanding - diluted

 

26,117

 

 

 

25,783

 

 

 

26,148

 

 

 

25,591

 

 

 

 

 

 

 

 

 

 

 

 

 

Income per share - basic:

$

0.16

 

 

$

0.13

 

 

$

0.21

 

 

$

0.23

 

Income per share - diluted:

$

0.16

 

 

$

0.12

 

 

$

0.20

 

 

$

0.22

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

1,735

 

 

 

1,735

 

 

 

1,735

 

 

 

1,736