EARNINGS PER SHARE (Tables)

9 Months Ended

Dec. 31, 2015

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 for the three and nine months ended December 31, 2015 and December 31, 2014 (in thousands, except per share data).

	Three months ended December 31,				Nine months ended December 31,
	2015		2014		2015		2014
Basic and diluted common shares outstanding:
Weighted average common shares outstanding — basic		7,280		7,230		7,260		7,351
Effect of dilutive shares		49		49		76		62
Weighted average shares common outstanding — diluted		7,329		7,279		7,336		7,413
Calculation of earnings per common share - basic:
Net earnings	$	10,297	$	15,501	$	34,790	$	36,930
Net earnings attributable to participating securities		-		-		-		63
Net earnings attributable to common shareholders	$	10,297	$	15,501	$	34,790	$	36,867
Earnings per common share - basic	$	1.41	$	2.14	$	4.79	$	5.02
Calculation of earnings per common share - diluted:
Net earnings attributable to common shareholders— basic	$	10,297	$	15,501	$	34,790	$	36,867
Add: undistributed earnings attributable to participating securities		-		-		-		1
Net earnings attributable to common shareholders— diluted	$	10,297	$	15,501	$	34,790	$	36,868
Earnings per common share - diluted	$	1.40	$	2.13	$	4.74	$	4.97