Stock Options and Restricted Stock Awards (Tables)

12 Months Ended

Mar. 31, 2014

Stock Options and Restricted Stock Awards [Abstract]

Summary of stock option transactions

A summary of stock option transactions follows:

	Number of Shares			Weighted Average Exercise Price
Outstanding at March 31, 2011		1,591,084		$	8.61
Granted		15,000		$	10.04
Exercised		(95,550	)	$	3.36
Cancelled		(48,250	)	$	3.15
Outstanding at March 31, 2012		1,462,284		$	9.15
Granted		635,800		$	6.47
Exercised		(128,000	)	$	2.28
Cancelled		-		$	-
Outstanding at March 31, 2013		1,970,084		$	8.73
Granted		331,000		$	11.06
Exercised		(721,666	)	$	9.12
Cancelled		(152,450	)	$	7.44
Outstanding at March 31, 2014		1,426,968		$	9.21

Summary of options outstanding

The followings table summarizes information about the options outstanding at March 31, 2014:

		Options Outstanding								Options Exercisable
Range of Exercise price		Shares		Weighted Average Exercise Price		Weighted Average Remaining Life In Years		Aggregate Intrinsic Value		Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value
$	1.800 to $6.345		81,000	$	5.22		5.02	$	1,729,000		78,000	$	5.20	$	1,667,000
$	6.460 to $7.450		509,468		6.52		8.48		10,215,000		344,766		6.54		6,906,000
$	8.700 to $9.900		279,250		9.33		9.10		4,814,000		12,250		9.48		209,000
$	10.010 to $11.900		214,250		10.24		1.84		3,499,000		214,250		10.24		3,499,000
$	12.000 to $19.94		343,000	$	13.41		3.87		4,514,000		287,000	$	12.23		4,116,000
			1,426,968					$	24,771,000		936,266			$	16,397,000

Summary of changes in the status of non-vested stock options

A summary of changes in the status of non-vested stock options is presented below.

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested at March 31, 2013		420,401		$	2.93
Granted		331,000		$	5.16
Vested		(147,999	)	$	3.10
Cancelled		(112,700	)	$	2.92
Non-vested at March 31, 2014		490,702		$	4.39