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Earnings Per Share (Tables)
6 Months Ended
Sep. 30, 2021
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)

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

982

 

 

$

5,867

 

 

$

2,954

 

 

$

5,350

 

Series A convertible preferred stock issuance costs

 

 

 

 

(94

)

 

 

 

 

 

(1,031

)

Series A convertible preferred stock dividends

 

(459

)

 

 

(459

)

 

 

(918

)

 

 

(658

)

Net income attributable to common shareholders

$

523

 

 

$

5,314

 

 

$

2,036

 

 

$

3,661

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

24,451

 

 

 

23,424

 

 

 

24,233

 

 

 

23,415

 

Dilutive SSARs

 

892

 

 

 

342

 

 

 

1,005

 

 

 

329

 

Dilutive unvested restricted shares

 

66

 

 

 

100

 

 

 

58

 

 

 

105

 

Weighted average shares outstanding - diluted

 

25,409

 

 

 

23,866

 

 

 

25,296

 

 

 

23,849

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income per share - basic:

$

0.02

 

 

$

0.23

 

 

$

0.08

 

 

$

0.16

 

Income per share - diluted:

$

0.02

 

 

$

0.22

 

 

$

0.08

 

 

$

0.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive SSARs, restricted shares and preferred shares

 

1,735

 

 

 

2,415

 

 

 

1,735

 

 

 

2,418