Share-based Payments (Tables)

12 Months Ended

Mar. 31, 2017

Share-based Payments [Abstract]

Summary of stock option activity

The following is a summary of stock option activity during the year:

	Number of Shares			Weighted Average Exercise Price
Outstanding at March 31, 2016		984,066		$	11.98
Granted		186,924		$	28.70
Exercised		(133,731	)	$	12.43
Forfeited		(900	)	$	29.50
Outstanding at March 31, 2017		1,036,359		$	14.92

Summary of options outstanding

The following summarizes information about the options outstanding at March 31, 2017:

		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
$	4.17 to $6.25		74,000	$	5.29		1.90	$	1,883,000		74,000	$	5.29	$	1,883,000
$	6.46 to $7.43		359,167		6.48		5.69		8,710,000		359,167		6.48		8,710,000
$	9.32 to $19.94		235,450		9.96		5.83		4,891,000		235,450		9.96		4,891,000
$	22.93 to $34.17		367,742		28.28		8.60		900,000		83,129		26.55		348,000
			1,036,359	$	14.92		6.48	$	16,384,000		751,746	$	9.67	$	15,832,000

Summary of changes in the status of non-vested restricted stock units

The following is a summary of changes in the status of non-vested RSUs during the year:

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested at March 31, 2016		153,527		$	22.28
Granted		62,367		$	28.44
Vested		(89,617	)	$	18.14
Forfeited		-		$	-
Non-vested at March 31, 2017		126,277		$	28.26