INCOME TAXES

3 Months Ended

Jun. 30, 2012

INCOME TAXES [Abstract]

INCOME TAXES

13.   INCOME TAXES

We recognize interest and penalties for uncertain tax positions. As of June 30, 2012 our gross liability related to uncertain tax positions was $316 thousand. At June 30, 2012 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 $426 thousand. We also recognize accrued interest and penalties related to unrecognized tax benefits as a component of tax expense. Our audited condensed consolidated statements of operations included interest of $4 thousand for the three months ended June 30, 2012, and $11 thousand for the same period last year. We did not recognize any additional penalties. We had $185 thousand and $155 thousand accrued for the payment of interest at June 30, 2012 and 2011, respectively.