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EQUITY COMPENSATION PLANS AND SHARE-BASED COMPENSATION (Tables)
 3 Months Ended
Jun. 30, 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 during the three months ended June 30, 2015 and 2014, which is included in our condensed consolidated statements of income (in thousands, except per share data):
 
  
Three Months Ended
June 30,
 
  
2015
  
2014
 
Cost of revenues
 
$
383
  
$
341
 
Research and development
  
575
   
441
 
Sales and marketing (1)
  
1,172
   
826
 
General and administrative
  
671
   
424
 
Share-based compensation expense before income taxes
  
2,801
   
2,032
 
Income tax benefit
  
(988
)
  
(684
)
Total share-based compensation expense after income taxes
 
$
1,813
  
$
1,348
 
Net impact of share-based compensation on:
        
Basic net income per share
 
$
0.08
  
$
0.06
 
Diluted net income per share
 
$
0.08
  
$
0.06
 

(1)Sales and marketing expenses reported in the table include share-based compensation expense from continuing and discontinued operations. During the three months ended June 30, 2015 and 2014, share-based compensation expense included in sales and marketing expenses from continuing operations was $1.0 million and $0.7 million, respectively, and from discontinued operations was $0.2 million and $0.1 million, respectively.
Restricted Stock Unit Activity
The following table summarizes restricted stock unit activity for the three months ended June 30, 2015:
 
  
Time-Based
Restricted Stock Units
  
Performance-Based
Restricted Stock Units
 
  
Number of
Shares
  
Weighted
Average
Grant Date
Fair Value(1)
  
Number of
Shares
  
Weighted
Average
Grant Date
Fair Value(1)
 
Nonvested at March 31, 2015
  
679,000
  
$
36.08
   
148,000
  
$
40.82
 
Granted
  
120,000
   
55.08
   
187,000
   
55.08
 
Vested(2)
  
(193,000
)
  
31.33
   
-
   
-
 
Canceled and forfeited
  
(47,000
)
  
35.00
   
-
   
-
 
Nonvested at June 30, 2015
  
559,000
  
$
41.89
   
335,000
  
$
48.78
 
 
(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 number of restricted stock units vested includes shares that we withheld on behalf of our employees to satisfy the statutory tax withholding requirements.