EARNINGS PER SHARE (Tables)

12 Months Ended

Mar. 31, 2014

EARNINGS PER SHARE [Abstract]

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 in our consolidated statements of operations for the fiscal years ended March 31, 2014, 2013, and 2012 (in thousands, except per share data).

	Year Ended March 31,
	2014		2013		2012
Basic and diluted shares outstanding
Weighted average shares outstanding — basic		7,927		7,810		8,002
Effect of dilutive shares		72		93		93
Weighted average shares outstanding — diluted		7,999		7,903		8,095
Calculation of earnings per share - basic
Net earnings	$	35,273	$	34,830	$	23,367
Net earnings attributable to participating securities		307		668		764
Net earnings attributable to common shareholders	$	34,966	$	34,162	$	22,603
Earnings per share - basic	$	4.41	$	4.37	$	2.82
Calculation of earnings per share - diluted
Net earnings attributable to common shareholders— basic	$	34,966	$	34,162	$	22,603
Add: undistributed earnings attributable to participating securities		3		4		9
Net earnings attributable to common shareholders— diluted	$	34,969	$	34,166	$	22,612
Earnings per share - diluted	$	4.37	$	4.32	$	2.79