EARNINGS PER SHARE (Tables)

3 Months Ended

Jun. 30, 2012

Reconciliation of numerators and denominators used to calculate basic and diluted earnings per common share

The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net earnings per common share as disclosed on our unaudited condensed consolidated statements of operations for the three months ended June 30, 2012 and June 30, 2011 (in thousands, except per share data).

	Three months ended June 30,
	2012		2011
Net earnings available to common shareholders-basic and diluted	$	8,062	$	3,703

Weighted average shares outstanding - basic		7,721		8,307
Effect of dilutive shares		177		182
Weighted average shares outstanding - diluted	$	7,898	$	8,489

Earnings per common share:
Basic	$	1.04	$	0.45
Diluted	$	1.02	$	0.44