NET INCOME PER SHARE (Tables)

9 Months Ended

Dec. 31, 2014

NET INCOME PER SHARE [Abstract]

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 December 31,				Nine Months Ended December 31,
	2014		2013		2014		2013
Numerator:
Net income	$	5,885	$	3,222	$	16,000	$	10,447
Denominator:
Weighted average common shares outstanding - basic		22,533,000		22,271,000		22,483,000		22,269,000
Weighted average effect of dilutive securities:
Stock options		1,000		18,000		1,000		23,000
Restricted stock units		216,000		183,000		219,000		252,000
Warrants		6,000		28,000		14,000		28,000
Weighted average common shares outstanding - diluted		22,756,000		22,500,000		22,717,000		22,572,000
Net income per share:
Basic net income per share	$	0.26	$	0.14	$	0.71	$	0.47
Diluted net income per share	$	0.26	$	0.14	$	0.70	$	0.46