INCOME TAXES: (Tables)

12 Months Ended

Mar. 31, 2014

INCOME TAXES:

Schedule of allocation of total income tax expense (benefit)

Total income tax expense (benefit) was allocated as follows (dollars in thousands):

	2014			2013			2012
Income from continuing operations	$	29,627		$	33,058		$	29,129
Income from discontinued operations	—			—			19,388
Stockholders’ equity:
Tax impact of stock options, warrants and restricted stock	(11,295		)	(357		)	1,310
	$	18,332		$	32,701		$	49,827

Schedule of income tax expense (benefit) attributable to earnings from continuing operations

Income tax expense (benefit) attributable to earnings from continuing operations consists of (dollars in thousands):

	2014			2013			2012
Current:
U.S. Federal	$	23,506		$	32,782		$	22,919
Non-U.S.	928			716			295
State	3,096			3,138			3,687
	27,530			36,636			26,901
Deferred:
U.S. Federal	(5,436		)	(3,874		)	900
Non-U.S.	7,641			(574		)	2,359
State	(108		)	870			(1,031		)
	2,097			(3,578		)	2,228
Total	$	29,627		$	33,058		$	29,129

Schedule of earnings (loss) before income tax attributable to U.S. and non-U.S. continuing operations

Earnings (loss) before income tax attributable to U.S. and non-U.S. continuing operations consist of (dollars in thousands):

	2014			2013		2012
U.S.	$	74,183		$	89,791	$	100,051
Non-U.S.	(35,753		)	386		(33,305		)
Total	$	38,430		$	90,177	$	66,746

Schedule of reconciliation of income tax expense computed using the U.S. federal statutory income tax rate to the actual provision for income taxes for continuing operations

Below is a reconciliation of income tax expense computed using the U.S. federal statutory income tax rate of 35% of earnings before income taxes to the actual provision for income taxes (dollars in thousands) for continuing operations:

	2014			2013			2012
Computed expected tax expense	$	13,451		$	31,562		$	23,361
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit	1,845			1,631			1,672
Research, experimentation and other tax credits	(5,251		)	(1,408		)	(518		)
Impairment of goodwill and intangibles not deductible for tax	5,368			—			5,031
Permanent differences between book and tax expense	814			(481		)	(9,507		)
Non-U.S. subsidiaries taxed at other than 35%	5,762			1,761			3,670
Adjustment to valuation allowances	7,738			726			4,598
Other, net	(100		)	(733		)	822
	$	29,627		$	33,058		$	29,129

Schedule of reconciliation of income tax expense computed using the U.S. federal statutory income tax rate to the actual provision for income taxes for discontinued operations

Below is a reconciliation of income tax expense computed using the U.S. federal statutory income tax rate of 35% of earnings before income taxes to the actual provision for income taxes for discontinued operations (dollars in thousands):

	2012
Computed expected tax expense	$	18,650
Increase in income taxes resulting from:
State income taxes, net of federal benefit	737
Other, net	1
	$	19,388

Schedule of components of deferred tax assets and liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at March 31, 2014 and 2013 are presented below (dollars in thousands).

	2014			2013
Deferred tax assets:
Accrued expenses not currently deductible for tax purposes	$	10,606		$	9,183
Revenue recognized for tax purposes in excess of revenue for financial reporting purposes	3,859			4,314
Net operating loss and tax credit carryforwards	43,568			45,746
Other	10,411			11,945
Total deferred tax assets	68,444			71,188
Less valuation allowance	43,436			35,981
Net deferred tax assets	25,008			35,207
Deferred tax liabilities:
Intangible assets, principally due to differences in amortization	$	(70,892	)	$	(66,959	)
Costs capitalized for financial reporting purposes in excess of amounts capitalized for tax purposes	(20,398		)	(24,869		)
Property and equipment, principally due to differences in depreciation	(11,074		)	(17,702		)
Total deferred tax liabilities	(102,364		)	(109,530		)
Net deferred tax liability	$	(77,356	)	$	(74,323	)

Schedule of changes in the total gross unrecognized tax benefit liabilities, including accrued interest

(dollars in thousands)	2014			2013		2012
Balance at beginning of period	$	3,646		$	3,109	$	3,043
Additions based on tax positions related to the current year	902			342		189
Reduction due to expiration of statute of limitations	(3,037		)	—		(94		)
Adjustments to tax positions taken in prior years	946			195		(29		)
Balance at end of period included in other liabilities	$	2,457		$	3,646	$	3,109