Quarterly Results of Operation

12 Months Ended

Mar. 31, 2013

Quarterly Results of Operation

Note 14. Quarterly Results of Operation (Unaudited)

The following is a summary of the Company’s unaudited quarterly results of operations for the fiscal years ending March 31, 2013 and 2012:

	Fiscal Year Ended March 31, 2013
	1st Quarter			2nd Quarter			3rd Quarter		4th Quarter		Total Year
	(in $000’s)
Total revenues	$	38,783		$	37,417		$	38,250	$	43,674	$	158,124
Cost of product revenue		7,446			7,194			8,130		8,826		31,596
Other operating expenses		27,776			24,291			27,202		30,716		109,985
Other income (expense), net		(6	)		(8	)		325		8		319
Income before income tax provision		3,555			5,924			3,243		4,140		16,862
Income tax provision		436			455			559		398		1,848
Net income	$	3,119		$	5,469		$	2,684	$	3,742	$	15,014
Basic net income per share	$	0.08		$	0.14		$	0.07	$	0.10	$	0.38
Diluted net income per share	$	0.08		$	0.13		$	0.07	$	0.09	$	0.37

	Fiscal Year Ended March 31, 2012
	1st Quarter			2nd Quarter		3rd Quarter		4th Quarter			Total Year
	(in $000’s)
Total revenues	$	27,355		$	29,478	$	32,198	$	37,344		$	126,375
Cost of product revenue		5,891			5,551		6,279		6,786			24,507
Other operating expenses		25,885			23,161		23,686		27,616			100,348
Other income (expense), net		(77	)		60		1,054		(14	)		1,023
Income (loss) before income tax provision		(4,498	)		826		3,287		2,928			2,543
Income tax provision		96			225		366		361			1,048
Net income (loss)	$	(4,594	)	$	601	$	2,921	$	2,567		$	1,495
Basic net income (loss) per share	$	(0.12	)	$	0.02	$	0.08	$	0.07		$	0.04
Diluted net income (loss) per share	$	(0.12	)	$	0.02	$	0.07	$	0.06		$	0.04