INCOME TAXES

9 Months Ended

Dec. 31, 2013

INCOME TAXES [Abstract]

INCOME TAXES

11. INCOME TAXES

We recognize interest and penalties for uncertain tax positions. As of December 31, 2013, our gross liability related to uncertain tax positions was $316 thousand. At December 31, 2013, 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 $441 thousand. We also recognize accrued interest and penalties related to unrecognized tax benefits as a component of tax expense. We recorded interest expense of $4 thousand and $13 thousand for the three months and nine months ended December 31, 2013 and 2012. We did not recognize any additional penalties. We had $210 thousand and $193 thousand accrued for the payment of interest at December 31, 2013 and 2012, respectively.