QUARTERLY DATA - UNAUDITED

12 Months Ended

Mar. 31, 2020

QUARTERLY DATA -UNAUDITED [Abstract]

QUARTERLY DATA -UNAUDITED

18. QUARTERLY DATA —UNAUDITED

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

	Year Ended March 31, 2020
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter			Annual Amount
Sales
Product	$	335,601		$	363,497		$	378,569	$	317,621		$	1,395,288
Service		45,771			48,068			50,422		48,855			193,116
Total net sales		381,372			411,565			428,991		366,476			1,588,404
Cost of Sales
Product		260,063			278,863			293,209		244,638			1,076,773
Service		28,670			29,671			32,086		30,013			120,440
Total cost of sales		288,733			308,534			325,295		274,651			1,197,213
Gross profit		92,639			103,031			103,696		91,825			391,191
Selling, general, and administrative expenses		65,787			70,523			73,090		69,782			279,182
Depreciation and amortization		3,463			3,557			3,647		3,489			14,156
Interest and financing costs		628			576			694		676			2,574
Operating expenses		69,878			74,656			77,431		73,947			295,912
Operating income		22,761			28,375			26,265		17,878			95,279
Other income and (expense)		(45	)		(40	)		997		(232	)		680
Earnings before provision for income taxes		22,716			28,335			27,262		17,646			95,959
Provision for income taxes		6,528			8,237			7,712		4,400			26,877
Net earnings	$	16,188		$	20,098		$	19,550	$	13,246		$	69,082
Net earnings per common share— Basic (1)	$	1.21		$	1.51		$	1.47	$	0.99		$	5.18
Net earnings per common share— Diluted (1)	$	1.20		$	1.51		$	1.46	$	0.99		$	5.15

(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, 2019
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Annual Amount
Sales
Product	$	322,817	$	309,475	$	310,443	$	280,460	$	1,223,195
Service		33,715		35,568		35,221		44,974		149,478
Total net sales		356,532		345,043		345,664		325,434		1,372,673
Cost of Sales
Product		255,812		238,134		241,856		216,662		952,464
Service		20,017		21,409		20,895		27,500		89,821
Total cost of sales		275,829		259,543		262,751		244,162		1,042,285
Gross profit		80,703		85,500		82,913		81,272		330,388
Selling, general, and administrative expenses		56,966		57,705		59,728		62,683		237,082
Depreciation and amortization		2,790		2,741		2,719		3,574		11,824
Interest and financing costs		476		484		443		545		1,948
Operating expenses		60,232		60,930		62,890		66,802		250,854
Operating income		20,471		24,570		20,023		14,470		79,534
Other income and (expense)		97		322		721		5,556		6,696
Earnings before provision for income taxes		20,568		24,892		20,744		20,026		86,230
Provision for income taxes		5,295		6,889		5,880		4,974		23,038
Net earnings	$	15,273	$	18,003	$	14,864	$	15,052	$	63,192
Net earnings per common share— Basic (1)	$	1.14	$	1.33	$	1.10	$	1.12	$	4.70
Net earnings per common share— Diluted (1)	$	1.12	$	1.33	$	1.10	$	1.12	$	4.65

(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.