Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 31, 2017

Inventories consisted of the following (in thousands):



	December 31, 2017		March 31, 2017		December 31, 2016
Raw material	$	11,608	$	11,210	$	10,733
Work-in-process	14,070		18,316		14,165
Finished goods	85,084		75,732		81,600
	$	110,762	$	105,258	$	106,498

Property, Plant and Equipment

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



	December 31, 2017			March 31, 2017			December 31, 2016
Land	$	7,052		$	5,838		$	5,818
Buildings, leasehold interests and improvements	45,009			40,661			40,257
Machinery, equipment and other	102,311			89,917			90,681
	154,372			136,416			136,756
Less - Accumulated depreciation and amortization	(102,904		)	(100,652		)	(100,758		)
Net property, plant and equipment	$	51,468		$	35,764		$	35,998

Earnings Per Share

The following table sets forth the computation of basic and diluted net income per common share for the three- and nine months ended December 31, 2017 and 2016 (in thousands, except per share data):



	Three Months Ended December 31,				Nine Months Ended December 31,
	2017		2016		2017		2016
Numerator:
Net income	$	5,952	$	29,969	$	1,901	$	33,675

Denominator:
Weighted average shares outstanding for basic net income per common share	9,116		9,082		9,105		9,070
Effect of dilutive stock options	41		36		37		43
Adjusted weighted average shares outstanding for diluted net income per common share	9,157		9,118		9,142		9,113

Basic net income per common share	$	0.65	$	3.30	$	0.21	$	3.71
Diluted net income per common share	$	0.65	$	3.29	$	0.21	$	3.70