INCOME TAXES

9 Months Ended

Dec. 31, 2011

INCOME TAXES [Abstract]

INCOME TAXES

13. INCOME TAXES

As of December 31, 2011, our gross liability related to uncertain tax positions was $316 thousand. At December 31, 2011, if the unrecognized tax benefits of $316 thousand were to be recognized, including the effect of interest, penalties and federal tax benefit, the impact would be $421 thousand. We recognized accrued interest and penalties related to unrecognized tax benefits as a component of tax expense. Our unaudited condensed consolidated statements of operations include interest of $4 thousand and $14 thousand for the three and nine months ended December 31, 2011, and $8 thousand and $24 thousand, respectively, for the same periods last year. We did not recognize any additional penalties. We had $176 thousand and $152 thousand accrued for the payment of interest at December 31, 2011 and 2010, respectively.