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EQUITY COMPENSATION PLANS AND SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Mar. 31, 2015
EQUITY COMPENSATION PLANS AND SHARE-BASED COMPENSATION [Abstract]  
Total Share-based Compensation Expense, Net of Tax
The following table summarizes total share-based compensation expense, net of tax, related to restricted stock units for fiscal 2015, 2014 and 2013, which is included in our consolidated statements of income (in thousands, except per share data):

  
Year Ended March 31,
 
  
2015
  
2014
  
2013
 
Cost of revenues
 
$
1,409
  
$
1,105
  
$
921
 
Research and development
  
1,574
   
1,138
   
1,150
 
Sales and marketing
  
3,156
   
2,146
   
2,506
 
General and administrative
  
3,648
   
3,254
   
2,509
 
Share-based compensation expense before income taxes
  
9,787
   
7,643
   
7,086
 
Income tax benefit
  
(3,293
)
  
(2,605
)
  
(2,557
)
Total share-based compensation expense after income taxes
 
$
6,494
  
$
5,038
  
$
4,529
 
Net impact of share-based compensation on:
            
Basic net income per share
 
$
0.29
  
$
0.23
  
$
0.21
 
Diluted net income per share
 
$
0.28
  
$
0.22
  
$
0.20
 
Stock Option Activity
Stock option activity under all stock plans is summarized as follows:

  
Number of
Shares
  
Weighted
Average
Exercise
Price
Per Share
 
Outstanding at March 31, 2012
    
(282,000 shares exercisable at a weighted average exercise price of $15.21 per share)
  
282,000
  $
15.21
 
Granted
  
-
   
-
 
Exercised
  
(210,000
)
  
13.38
 
Canceled or forfeited
  
-
   
-
 
Outstanding at March 31, 2013
        
(72,000 shares exercisable at a weighted average exercise price of $20.50 per share)
  
72,000
   
20.50
 
Granted
  
-
   
-
 
Exercised
  
(70,000
)
  
20.74
 
Canceled or forfeited
  
-
   
-
 
Outstanding at March 31, 2014
        
(2,000 shares exercisable at a weighted average exercise price of $13.24 per share)
  
2,000
   
13.24
 
Granted
  
-
   
-
 
Exercised
  
(2,000
)
  
13.24
 
Canceled or forfeited
  
-
   
-
 
Outstanding at March 31, 2015
  
-
  
$
-
 
Restricted Stock Unit Activity
The following table summarizes restricted stock unit activity during fiscal 2015, 2014 and 2013:

  
Time-Based Restricted Stock Units
  
Performance-Based Restricted Stock Units
 
  
Number of
Shares
  
Weighted
Average
Grant Date
Fair Value(1)
  
Number of
Shares(2)
  
Weighted
Average
Grant Date
Fair Value(1)
 
Unvested at March 31, 2012
  
1,120,000
  
$
24.06
   
-
  
$
-
 
Granted
  
192,000
   
36.30
   
21,000
   
35.62
 
Vested(3)
  
(257,000
)
  
23.40
   
-
   
-
 
Canceled or forfeited
  
(75,000
)
  
26.78
   
-
   
-
 
Unvested at March 31, 2013
  
980,000
  
$
26.42
   
21,000
  
$
35.62
 
Granted
  
175,000
   
41.29
   
129,000
   
42.43
 
Vested(3)
  
(295,000
)
  
21.73
   
(21,000
)
  
35.62
 
Canceled or forfeited
  
(86,000
)
  
31.61
   
(16,000
)
  
42.43
 
Unvested at March 31, 2014
  
774,000
  
$
30.98
   
113,000
  
$
42.43
 
Granted
  
189,000
   
43.85
   
172,000
   
40.82
 
Vested(3)
  
(272,000
)
  
27.24
   
-
   
-
 
Canceled or forfeited
  
(12,000
)
  
30.37
   
(137,000
)
  
42.15
 
Unvested at March 31, 2015
  
679,000
  
$
36.08
   
148,000
  
$
40.82
 
 
(1)The weighted average grant date fair value of restricted stock units is based on the number of shares and the closing market price of our common stock on the date of grant.
(2)The shares granted during fiscal 2013 and unvested at March 31, 2013 related to FY2013 Performance RSUs do not include the awards approved by the Compensation Committee during the fiscal year 2013 that were deemed not to have been granted in accordance with ASC 718-10-55-95.
(3)The number of restricted stock units vested includes shares that we withheld on behalf of our employees to satisfy the statutory tax withholding requirements.