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STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Sep. 30, 2016
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 September 30,
 
Six months ended September 30,
 
2016
 
2015
 
2016
 
2015
Dividend Yield
—%
 
—%
 
—%
 
—%
Expected Volatility
—%
 
—%
 
56.18%
 
37.64%
Average risk-free rate
—%
 
—%
 
1.37%
 
1.65%
Expected Life
0.0 years
 
0.0 years
 
5.9 years
 
6.0 years
Tabular disclosure of performance shares vesting based on EPS targets [Table Text Block]
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%
Group B awards would have vested as follows, if the Company achieved 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%
Summary schedule of stock option activity
ption activity for the six months ended September 30, 2016 was as follows:
 
Shares
 
Weighted Average Exercise
Price
 
Weighted Average
Remaining
Contractual Term
 
Aggregate Intrinsic Value
Options outstanding, beginning of period
950,651

 
$
67.20

 
 
 
 
Granted during period
600

 
41.22

 
 
 
 
Exercised during period
(10,180
)
 
33.90

 
 
 
 
Forfeited during period
(42,087
)
 
65.12

 
 
 
 
Expired during period
(27,697
)
 
70.93

 
 
 
 
Options outstanding, end of period
871,287

 
$
67.56

 
6.63
 
$
2,980,055

Options exercisable, end of period
414,200

 
$
68.63

 
5.71
 
$
828,611
Intrinsic value of options exercised
The total intrinsic value of options exercised during the periods ended September 30, 2016 and 2015 was as follows:
 
September 30,
2016
 
September 30,
2015
Three months ended
$
24,916

 
$
—

Six months ended
$
112,393

 
$
1,953,575
Summary of the status and changes restricted stock
A summary of the status of the Company’s restricted stock as of September 30, 2016, and changes during the six months ended September 30, 2016, are presented below:
 
Shares
 
Weighted Average Fair Value at Grant Date
Outstanding at March 31, 2016
93,550

 
$
40.92

Granted during the period
2,400

 
43.49

Vested during the period
—

 
—

Forfeited during the period
(32,150
)
 
65.06

Outstanding at September 30, 2016
63,800

 
$
28.85

 
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 six month periods ended September 30, 2016 and 2015 was as follows:

 
Three months ended September 30,
 
Six months ended September 30,
 
2016
 
2015
 
2016
 
2015
Share-based compensation related to equity classified awards:
 
 
 
 
 
 
 
Share-based compensation related to stock options
$
616,756

 
230,569

 
982,420

 
1,507,530

Share-based compensation related to restricted stock, net of adjustments and exclusive of cancellations
236,006

 
(2,986,173
)
 
423,868

 
(6,395,993
)
Total share-based compensation related to equity classified awards
$
852,762

 
(2,755,604
)
 
1,406,288

 
(4,888,463
)