EQUITY COMPENSATION PLANS AND SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2017

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, and represents our results from continuing operations, during the three months ended June 30, 2017 and 2016, which is included in our condensed consolidated statements of income (in thousands, except per share data):

	Three Months Ended June 30,
	2017			2016
Cost of revenues	$	367		$	479
Research and development		761			594
Sales and marketing		1,244			704
General and administrative		739			1,042
Share-based compensation expense before income taxes		3,111			2,819
Income tax benefit		(1,074	)		(984	)
Total share-based compensation expense after income taxes	$	2,037		$	1,835
Net impact of share-based compensation on:
Basic net income per share	$	0.09		$	0.08
Diluted net income per share	$	0.09		$	0.08

Restricted Stock Unit Activity

The following table summarizes restricted stock unit activity for the three months ended June 30, 2017.

	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, 2017		535,000		$	46.62		439,000		$	47.40
Granted		131,000			45.84		137,000			45.84
Vested (2)		(81,000	)		44.38		(62,000	)		40.82
Canceled and forfeited		(3,000	)		46.26		-			-
Nonvested at June 30, 2017		582,000		$	46.76		514,000		$	47.78

(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.