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STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]
Fair value was estimated at grant date using the weighted-average assumptions listed below:
 
Three months ended December 31,
 
Nine months ended December 31,
 
2015
 
2014
 
2015
 
2014
Dividend Yield
—%
 
—%
 
—%
 
—%
Expected Volatility
41.51%
 
44.53%
 
41.41%
 
44.67%
Average risk-free rate
1.37%
 
1.77%
 
1.38%
 
1.77%
Expected Life
5.0 years
 
6.1 years
 
5.0 years
 
6.1 years
Tabular disclosure of performance shares vesting based on EPS targets [Table Text Block]
Group B awards will vest as follows, if the Company achieves the following performance goals during any successive trailing four quarters during the measurement period ending on March 31, 2017:

Trailing 4 quarter EPS Target
 
Restricted Shares Eligible for Vesting (Percentage of Award)
$13.00
 
25%
$14.50
 
25%
$16.00
 
25%
$18.00
 
25%
Group A awards vested on April 30, 2015 based on the Company's achievement of the following performance goals as of March 31, 2015:

 EPS Target
 
Restricted Shares Eligible for Vesting (Percentage of Award)
$10.29
 
100%
$9.76
 
67%
$9.26
 
33%
Below $9.26
 
0%
Summary schedule of stock option activity
ption activity for the nine months ended December 31, 2015 was as follows:
 
Shares
 
Weighted Average Exercise
Price
 
Weighted Average
Remaining
Contractual Term
 
Aggregate Intrinsic Value
Options outstanding, beginning of period
1,083,767

 
$
69.15

 
 
 
 
Granted during period
112,400

 
28.45

 
 
 
 
Exercised during period
(64,103
)
 
43.24

 
 
 
 
Forfeited during period
(119,677
)
 
72.92

 
 
 
 
Expired during period
(9,958
)
 
61.43

 
 
 
 
Options outstanding, end of period
1,002,429

 
$
65.87

 
7.04
 
$
1,803,974

Options exercisable, end of period
488,081

 
$
64.96

 
5.80
 
$
702,630
Intrinsic value of options exercised
The total intrinsic value of options exercised during the periods ended December 31, 2015 and 2014 was as follows:
 
December 31,
2015
 
December 31,
2014
Three months ended
$
153,726

 
$
2,534,147

Nine months ended
$
2,107,301

 
$
2,973,627
Summary of the status and changes restricted stock
A summary of the status of the Company’s restricted stock as of December 31, 2015, and changes during the nine months ended December 31, 2015, are presented below:
 
Shares
 
Weighted Average Fair Value at Grant Date
Outstanding at March 31, 2015
433,750

 
$
76.84

Granted during the period
67,550

 
27.84

Vested during the period
(91,140
)
 
76.02

Forfeited during the period
(149,250
)
 
74.10

Outstanding at December 31, 2015
260,910

 
$
66.01

 
Share-based compensation included as a component of net income
Total share-based compensation included as a component of net income during the three and nine month periods ended December 31, 2015 and 2014 was as follows:

 
Three months ended December 31,
 
Nine months ended December 31,
 
2015
 
2014
 
2015
 
2014
Share-based compensation related to equity classified awards:
 
 
 
 
 
 
 
Share-based compensation related to stock options
$
1,719,236

 
2,645,017

 
3,226,766

 
6,538,234

Share-based compensation related to restricted stock, net of adjustments and exclusive of cancellations
346,865

 
2,018,775

 
(6,049,127
)
 
5,969,533

Total share-based compensation related to equity classified awards
$
2,066,101

 
4,663,792

 
(2,822,361
)
 
12,507,767