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INCOME TAXES
9 Months Ended
Dec. 31, 2012
INCOME TAXES [Abstract]  
INCOME TAXES
NOTE 13.  INCOME TAXES

During the three months ended December 31, 2012 and 2011, our income tax provision was $3.0 million, based on an effective tax rate of 38%, and $1.7 million, based on an effective tax rate of 37%, respectively.  During the nine months ended December 31, 2012 and 2011, our income tax provision was $12.7 million, based on an effective tax rate of 38%, and $4.9 million, based on an effective tax rate of 37%, respectively.  During the three and nine months ended December 31, 2012, our effective tax rates were primarily impacted by higher state tax expense and the expiration of the federal research and development tax credit, as compared to the three and nine months ended December 31, 2011.

On January 2, 2013, President Barack Obama signed into law The American Taxpayer Relief Act of 2012, which reinstated the federal research and development tax credit retroactive to January 1, 2012 and extended the credit through December 31, 2013.  As a result of the new legislation, we expect to recognize a tax benefit of approximately $400,000 during the three months ending March 31, 2013.

We did not have any unrecognized tax benefits as of December 31, 2012 and March 31, 2012.  During the three and nine months ended December 31, 2012 and 2011, we did not recognize any interest or penalties related to unrecognized tax benefits.