Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Significant Accounting Policies [Abstract]

Inventories

Inventories consisted of the following (in thousands):

	September 30, 2012		March 31, 2012		September 30, 2011
Raw material	$	10,162	$	9,194	$	10,232
Work-in-process		11,047		15,470		12,906
Finished goods		63,968		47,007		68,204
	$	85,177	$	71,671	$	91,342

Property, plant and equipment

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

	September 30, 2012			March 31, 2012			September 30, 2011
Land	$	2,508		$	2,508		$	2,508
Buildings, leasehold interests and improvements		36,902			37,064			37,645
Machinery, equipment and other		100,206			101,076			101,525
		139,616			140,648			141,678
Less – Accumulated depreciation and amortization		(111,335	)		(111,066	)		(110,728	)
Net property, plant and equipment	$	28,281		$	29,582		$	30,950

Computation of basic and diluted net income (loss) 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, 2012 and 2011 (in thousands, except per share data):

	Three Months Ended September 30,				Six Months Ended September 30,
	2012		2011		2012		2011
Numerator:
Income from continuing operations	$	6,840	$	10,314	$	5,973	$	6,867
Loss from discontinued operations, net of tax		81		5,171		44		1,049
Net income	$	6,921	$	15,485	$	6,017	$	7,916
Denominator:
Weighted average shares outstanding for basic income per common share		9,592		9,741		9,617		9,738
Effect of dilutive stock options		29		6		3		5
Adjusted weighted average share outstanding for diluted income per common share		9,621		9,747		9,620		9,743
Basic:
Continuing operations	$	0.71	$	1.06	$	0.62	$	0.71
Discontinued operations	$	0.01	$	0.53	$	0	$	0.11
Total (1)	$	0.72	$	1.59	$	0.63	$	0.81
Diluted:
Continuing operations	$	0.71	$	1.06	$	0.62	$	0.70
Discontinued operations	$	0.01	$	0.53	$	0	$	0.11
Total (1)	$	0.72	$	1.59	$	0.63	$	0.81

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