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Earnings Per Share (Tables)
9 Months Ended
Dec. 31, 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

December 31,

 

 

Nine Months Ended

December 31,

 

(In thousands, except per share data)

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

$

1,542

 

 

$

(2,070

)

 

$

4,496

 

 

$

3,280

 

Series A convertible preferred stock issuance costs

 

 

 

 

 

 

 

 

 

 

(1,031

)

Series A convertible preferred stock dividends

 

(459

)

 

 

(459

)

 

 

(1,377

)

 

 

(1,117

)

Net income (loss) attributable to common shareholders

$

1,083

 

 

$

(2,529

)

 

$

3,119

 

 

$

1,132

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

24,477

 

 

 

23,429

 

 

 

24,315

 

 

 

23,419

 

Dilutive SSARs

 

826

 

 

 

 

 

 

943

 

 

 

377

 

Dilutive unvested restricted shares

 

89

 

 

 

 

 

 

69

 

 

 

107

 

Weighted average shares outstanding - diluted

 

25,392

 

 

 

23,429

 

 

 

25,327

 

 

 

23,903

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per share - basic:

$

0.04

 

 

$

(0.11

)

 

$

0.13

 

 

$

0.05

 

Income (loss) per share - diluted:

$

0.04

 

 

$

(0.11

)

 

$

0.12

 

 

$

0.05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive SSARs, restricted shares and preferred shares

 

1,764

 

 

 

4,513

 

 

 

1,736

 

 

 

2,692