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EARNINGS PER SHARE (Tables)
3 Months Ended
Jun. 30, 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 income per common share as disclosed on our consolidated statements of operations for the three months ended June 30, 2016 and 2015 (in thousands, except per share data):

  
Three months ended
June 30,
 
  
2016
  
2015
 
       
Net earnings attributable to common shareholders - basic and diluted
 
$
10,671
  
$
8,814
 
         
Basic and diluted common shares outstanding:
        
Weighted average common shares outstanding — basic
  
7,033
   
7,225
 
Effect of dilutive shares
  
75
   
76
 
Weighted average shares common outstanding — diluted
  
7,108
   
7,301
 
         
Earnings per common share - basic
 
$
1.52
  
$
1.22
 
         
Earnings per common share - diluted
 
$
1.50
  
$
1.21