NET INCOME PER SHARE (Tables)

6 Months Ended

Sep. 30, 2013

Reconciliation of weighted average number of common shares outstanding used in calculating basic and diluted net income per share

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net income per share (in thousands, except share and per share data):

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Numerator:
Net income	$	3,996	$	12,909	$	7,225	$	15,773
Denominator:
Weighted average common shares outstanding - basic		22,306,000		21,920,000		22,268,000		21,869,000
Weighted average effect of dilutive securities:
Stock options		24,000		107,000		25,000		107,000
Restricted stock units		216,000		252,000		268,000		277,000
Warrants		28,000		27,000		28,000		27,000
Weighted average common shares outstanding - diluted		22,574,000		22,306,000		22,589,000		22,280,000
Net income per share:
Basic net income per share	$	0.18	$	0.59	$	0.32	$	0.72
Diluted net income per share	$	0.18	$	0.58	$	0.32	$	0.71

Antidilutive securities excluded from computation of diluted weighted average shares outstanding

We excluded the following restricted stock units from the computation of diluted weighted average shares outstanding because the inclusion of these awards would be antidilutive to net income per share:

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Weighted average number of shares underlying antidilutive restricted stock units		-		-		-		101,000