Summary of Significant Accounting Policies (Tables)

6 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Net Income Per Common Share

The following table sets forth the computation of basic and diluted net income per common share for the three- and six months ended September 30, 2014 and 2013 (in thousands, except per share data):

	Three Months Ended September 30,				Six Months Ended September 30,
	2014		2013		2014		2013
Numerator:
Income from continuing operations	$	9,847	$	10,846	$	8,522	$	9,179
Discontinued operations, net of tax	—		112		—		112
Net income	$	9,847	$	10,958	$	8,522	$	9,291
Denominator:
Weighted average shares outstanding for basic income per common share	9,323		9,458		9,316		9,482
Effect of dilutive stock options	74		28		77		45
Adjusted weighted average share outstanding for diluted income per common share	9,397		9,486		9,393		9,527
Basic:
Continuing operations	$	1.06	$	1.15	$	0.91	$	0.97
Discontinued operations	$	—	$	0.01	$	—	$	0.01
Total	$	1.06	$	1.16	$	0.91	$	0.98
Diluted:
Continuing operations	$	1.05	$	1.14	$	0.91	$	0.96
Discontinued operations	$	—	$	0.01	$	—	$	0.01
Total (1)	$	1.05	$	1.16	$	0.91	$	0.98

(1) Total net income per share for certain periods may not foot due to rounding.    

Inventories

Inventories consisted of the following (in thousands):

	September 30, 2014		March 31, 2014		September 30, 2013
Raw material	$	9,117	$	9,366	$	9,035
Work-in-process	10,663		14,418		11,423
Finished goods	55,200		35,468		54,050
	$	74,980	$	59,252	$	74,508

Property, Plant and Equipment

Property, plant and equipment are stated at cost and include the following (in thousands):

	September 30, 2014			March 31, 2014			September 30, 2013
Land	$	2,508		$	2,508		$	2,508
Buildings, leasehold interests and improvements	35,398			37,183			36,857
Machinery, equipment and other	88,291			93,928			101,047
	126,197			133,619			140,412
Less - Accumulated depreciation and amortization	(100,343		)	(106,556		)	(112,455		)
Net property, plant and equipment	$	25,854		$	27,063		$	27,957