5. INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2013

Income Taxes Tables

Schedule of income tax provision

	Year ended March 31,
	2013			2012
Income tax provision (benefit):
Current:
Federal	$	655		$	(136	)
State		247			(3	)
		902			(139	)
Deferred:
Federal		(4,853	)		–
State		(1,855	)		–
		(6,708	)		–
Income tax provision (benefit)	$	(5,806	)	$	(139	)

Schedule of statutory federal income tax rate

	Year ended March 31,
	2013			2012
U.S. federal statutory income taxes	$	(7,584	)	$	2,654
State and local income taxes, net of federal benefits		(1,245	)		406
Change in valuation allowance		1,366			(2,975	)
Warrants		1,085			516
Variable interest entity		237			(172	)
Deferred tax adjustments		295			(593	)
Other		40			25
Income tax provision (benefit)	$	(5,806	)	$	(139	)

Schedule of deferred tax assets and liabilities

	2013			2012
Deferred tax assets (liabilities):
Allowance for doubtful accounts	$	449		$	1,457
Accrued vacation		2,982			2,813
Net operating losses		7,961			1,023
State taxes		(1,235	)		(532	)
Accrued insurance		3,755			3,445
Legal		1,257			–
Property and equipment		661			(212	)
Other		281			43
		16,111			8,037
Valuation allowance		(9,403	)		(8,037	)
Net deferred tax assets	$	6,708		$	–

Schedule of the change in unrecognized income tax benefits

	March 31,
	2013		2012
Gross unrecognized income tax benefits at the beginning of the year	$	21,814	$	18,900
Changes based on tax positions related to current year		–		2,914
Increases for tax positions related to prior years		–		–
Gross unrecognized income tax benefits at the end of the year	$	21,814	$	21,814