QUARTERLY DATA -UNAUDITED

12 Months Ended

Mar. 31, 2017

QUARTERLY DATA -UNAUDITED [Abstract]

QUARTERLY DATA -UNAUDITED

16. QUARTERLY DATA —UNAUDITED

Condensed quarterly financial information is as follows (amounts in thousands, except per share amounts):

	Year Ended March 31, 2017
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Annual Amount
Net sales	$	298,503	$	371,462	$	326,657	$	332,767	$	1,329,389
Cost of sales		230,839		289,529		252,871		256,391		1,029,630
Gross profit		67,664		81,933		73,786		76,376		299,759
Selling, general, and administrative expenses		48,054		51,607		50,160		55,411		205,232
Depreciation and amortization		1,775		1,723		1,910		1,844		7,252
Interest and financing costs		349		400		409		385		1,543
Operating expenses		50,178		53,730		52,479		57,640		214,027
Operating income		17,486		28,203		21,307		18,736		85,732
Other income		-		380		-		-		380
Earnings before provision for income taxes		17,486		28,583		21,307		18,736		86,112
Provision for income taxes		6,815		11,808		8,687		8,246		35,556
Net earnings	$	10,671	$	16,775	$	12,620	$	10,490	$	50,556
Net earnings per common share—Basic (1)	$	0.76	$	1.21	$	0.92	$	0.76	$	3.65
Net earnings per common share—Diluted (1)	$	0.75	$	1.21	$	0.91	$	0.75	$	3.60

(1) Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

	Year Ended March 31, 2016
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Annual Amount
Net sales	$	269,866	$	336,286	$	298,644	$	299,403	$	1,204,199
Cost of sales		210,736		264,365		234,584		232,457		942,142
Gross profit		59,130		71,921		64,060		66,946		262,057
Selling, general, and administrative expenses		42,303		43,638		44,688		48,351		178,980
Depreciation and amortization		1,208		1,200		1,331		1,809		5,548
Interest and financing costs		553		422		396		407		1,778
Operating expenses		44,064		45,260		46,415		50,567		186,306
Operating income		15,066		26,661		17,645		16,379		75,751
Earnings before provision for income taxes		15,066		26,661		17,645		16,379		75,751
Provision for income taxes		6,252		10,982		7,348		6,422		31,004
Net earnings	$	8,814	$	15,679	$	10,297	$	9,957	$	44,747
Net earnings per common share—Basic (1)	$	0.61	$	1.08	$	0.71	$	0.69	$	3.08
Net earnings per common share—Diluted (1)	$	0.60	$	1.07	$	0.70	$	0.68	$	3.05

(1) Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.