Selected Quarterly Financial Data

12 Months Ended

Mar. 31, 2016

Quarterly Financial Information [Text Block]

Selected Quarterly Financial Data (unaudited, in thousands, except per share amounts)

Fiscal Year Ended March 31, 2016

	Three Months Ended
	March 31, 2016		December 31, 2015		September 30, 2015		June 30, 2015
Net revenues	$	79,772	$	75,133	$	80,257	$	82,047
Gross profit		24,115		24,029		26,012		25,602
Operating income		6,834		6,262		7,033		5,704
Net income (1)	$	6,197	$	2,286	$	3,273	$	2,985
Net income per share - basic (2)	$	0.20	$	0.07	$	0.10	$	0.09
Net income per share - diluted (2)	$	0.19	$	0.07	$	0.10	$	0.09
Weighted average shares used in per share calculation
Basic		31,441		31,487		31,651		31,746
Diluted		32,076		32,343		32,380		32,733

Fiscal Year Ended March 31, 2015

	Three Months Ended
	March 31, 2015		December 31, 2014		September 30, 2014		June 30, 2014
Net revenues	$	82,926	$	81,326	$	86,435	$	88,080
Gross profit		25,280		25,515		26,170		25,000
Operating income		7,525		7,616		7,090		5,279
Net income	$	7,796	$	6,622	$	5,747	$	3,575
Net income per share - basic (2)	$	0.25	$	0.21	$	0.18	$	0.11
Net income per share - diluted (2)	$	0.24	$	0.21	$	0.18	$	0.11
Weighted average shares used in per share calculation
Basic		31,663		31,585		31,499		31,379
Diluted		32,413		32,231		32,235		32,075

(1)

During the fiscal year ended March 31, 2016, we recorded out-of-period adjustments that increased the income tax provision

by a net amount of $1.4 million. See Note 16, "Income Taxes" in the Notes to Consolidated Financial Statements in Item 8 of this Annual Report on Form 10-K for further discussion of an out-of-period adjustment during the quarter ended December 31, 2015.

(2)

The sum of the four quarterly calculations of net income per share are not equal to the annual net income per share due to the use of quarterly weighted average shares used to determine the quarterly net income per share as compared to the annual weighted average shares used to determine the annual net income per share.