Quarterly Results of Operation

12 Months Ended

Mar. 31, 2014

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, 2014 and 2013:

	Fiscal Year Ended March 31, 2014
	1st Quarter			2nd Quarter		3rd Quarter		4th Quarter		Total Year
	(in $000’s)
Total revenues	$	42,670		$	44,345	$	46,195	$	50,433	$	183,643
Cost of product revenue		8,723			9,027		9,458		10,114		37,322
Other operating expenses		35,254			33,920		32,143		36,641		137,958
Other income (expense), net		(5	)		31		57		84		167
Income (loss) before income tax provision		(1,312	)		1,429		4,651		3,762		8,530
Income tax provision		411			370		258		140		1,179
Net income (loss)	$	(1,723	)	$	1,059	$	4,393	$	3,622	$	7,351
Basic net income (loss) per share	$	(0.04	)	$	0.03	$	0.11	$	0.09	$	0.19
Diluted net income (loss) per share	$	(0.04	)	$	0.03	$	0.11	$	0.09	$	0.18

	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