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Quarterly Results of Operation (Tables)
12 Months Ended
Mar. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Quarterly Results of Operations

The following is a summary of the Company’s unaudited quarterly results of operations for the fiscal years ending March 31, 2017 and 2016:

 

 

 

Fiscal Year Ended March 31, 2017

 

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

Total Year

 

 

 

(in $000's)

 

Total revenues

 

$

 

102,995

 

 

$

 

102,955

 

 

$

 

114,674

 

 

$

 

124,680

 

 

$

 

445,304

 

Cost of product revenue

 

 

 

15,070

 

 

 

 

17,309

 

 

 

 

18,987

 

 

 

 

19,261

 

 

 

 

70,627

 

Other operating expenses

 

 

 

66,692

 

 

 

 

71,138

 

 

 

 

70,284

 

 

 

 

76,425

 

 

 

 

284,539

 

Other income, net

 

 

 

192

 

 

 

 

228

 

 

 

 

423

 

 

 

 

362

 

 

 

 

1,205

 

Income before income taxes

 

 

 

21,425

 

 

 

 

14,736

 

 

 

 

25,826

 

 

 

 

29,356

 

 

 

 

91,343

 

Income tax provision

 

 

 

8,515

 

 

 

 

5,861

 

 

 

 

10,394

 

 

 

 

14,457

 

 

 

 

39,227

 

Net income

 

$

 

12,910

 

 

$

 

8,875

 

 

$

 

15,432

 

 

$

 

14,899

 

 

$

 

52,116

 

Basic net income per share

 

$

 

0.30

 

 

$

 

0.21

 

 

$

 

0.36

 

 

$

 

0.34

 

 

$

 

1.21

 

Diluted net income per share

 

$

 

0.29

 

 

$

 

0.20

 

 

$

 

0.34

 

 

$

 

0.33

 

 

$

 

1.17

 

 

 

 

 

Fiscal Year Ended March 31, 2016

 

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

Total Year

 

 

 

(in $000's)

 

Total revenues

 

$

 

73,432

 

 

$

 

76,359

 

 

$

 

85,795

 

 

$

 

93,957

 

 

$

 

329,543

 

Cost of product revenue

 

 

 

10,868

 

 

 

 

12,144

 

 

 

 

12,744

 

 

 

 

14,663

 

 

 

 

50,419

 

Other operating expenses

 

 

 

47,533

 

 

 

 

51,398

 

 

 

 

55,608

 

 

 

 

59,481

 

 

 

 

214,020

 

Other income, net

 

 

 

116

 

 

 

 

149

 

 

 

 

55

 

 

 

 

414

 

 

 

 

734

 

Income before income taxes

 

 

 

15,147

 

 

 

 

12,966

 

 

 

 

17,498

 

 

 

 

20,227

 

 

 

 

65,838

 

Income tax provision

 

 

 

6,288

 

 

 

 

5,231

 

 

 

 

6,943

 

 

 

 

9,229

 

 

 

 

27,691

 

Net income

 

$

 

8,859

 

 

$

 

7,735

 

 

$

 

10,555

 

 

$

 

10,998

 

 

$

 

38,147

 

Basic net income per share

 

$

 

0.21

 

 

$

 

0.18

 

 

$

 

0.25

 

 

$

 

0.26

 

 

$

 

0.90

 

Diluted net income per share

 

$

 

0.20

 

 

$

 

0.17

 

 

$

 

0.23

 

 

$

 

0.24

 

 

$

 

0.85