EARNINGS PER SHARE (Tables)

9 Months Ended

Dec. 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 income per common share as disclosed on our consolidated statements of operations for the three and nine months ended December 31, 2016 and 2015 (in thousands, except per share data):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
Net earnings attributable to common shareholders - basic and diluted	$	12,620	$	10,297	$	40,066	$	34,790
Basic and diluted common shares outstanding:
Weighted average common shares outstanding — basic		6,896		7,280		6,946		7,260
Effect of dilutive shares		64		49		67		76
Weighted average shares common outstanding — diluted		6,960		7,329		7,013		7,336
Earnings per common share - basic	$	1.83	$	1.41	$	5.77	$	4.79
Earnings per common share - diluted	$	1.81	$	1.40	$	5.71	$	4.74

Pro forma Earnings Per Share

The following table provides pro forma earnings per share, giving retroactive effect to the stock split (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	2016		2015		2016		2015
Earnings per common share:
Basic — pro forma	$	0.92	$	0.71	$	2.88	$	2.40
Diluted — pro forma	$	0.91	$	0.70	$	2.86	$	2.37
Weighted average common shares outstanding:
Basic — pro forma		13,791		14,561		13,891		14,519
Diluted — pro forma		13,920		14,659		14,026		14,672