EARNINGS PER SHARE (Tables)

12 Months Ended

Mar. 31, 2016

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, 2016, 2015, and 2014 (in thousands, except per share data).

	Year Ended March 31,
	2016		2015		2014
Basic and diluted common shares outstanding:
Weighted average common shares outstanding — basic		7,256		7,318		7,927
Effect of dilutive shares		88		75		72
Weighted average shares common outstanding — diluted		7,344		7,393		7,999
Calculation of earnings per common share - basic:
Net earnings	$	44,747	$	45,840	$	35,273
Net earnings attributable to participating securities		-		59		307
Net earnings attributable to common shareholders	$	44,747	$	45,781	$	34,966
Earnings per common share - basic	$	6.17	$	6.26	$	4.41
Calculation of earnings per common share - diluted:
Net earnings attributable to common shareholders— basic	$	44,747	$	45,781	$	34,966
Add: undistributed earnings attributable to participating securities		-		1		3
Net earnings attributable to common shareholders— diluted	$	44,747	$	45,782	$	34,969
Earnings per common share - diluted	$	6.09	$	6.19	$	4.37