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Note 10 - Employee Equity Incentive Plans (Tables)
12 Months Ended
Mar. 31, 2016
Notes Tables  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
 
 
Year Ended March 31,
 
Statement of Operations Classifications
 
2016
 
 
2015
 
 
2014
 
                         
Cost of goods sold
  $ 488     $ 433     $ 457  
Research, development and engineering (1)
    1,272       814       978  
Selling, general and administrative
    1,832       1,620       1,350  
Stock-based compensation effect on income before taxes
    3,592       2,867       2,785  
Benefit from income taxes
    660       1,009       1,071  
Net stock-based compensation effects on net income
  $ 2,932     $ 1,858     $ 1,714  
Schedule of Employee Service Share Based Compensation Fair Value Assumptions and Methodology [Table Text Block]
 
 
Stock Options
 
 
Purchase Plan
 
 
 
Year Ended March 31,
 
 
Year Ended March 31,
 
 
 
2016
 
 
2015
 
 
2014
 
 
2016
 
 
2015
 
 
2014
 
Weighted average estimated per share fair value of grant
  $ 4.83     $ 5.54     $ 5.31     $ 3.33     $ 2.90     $ 2.75  
Risk-free interest rate
    1.8 %     1.8 %     1.8 %     0.1 %     0.1 %     0.1 %
Expected term in years
    6.45       6.25       6.05       0.50       0.50       0.50  
Volatility
    44.9 %     52.2 %     54.9 %     39.8 %     36.9 %     37.0 %
Dividend yield (1)
    1.2 %     1.0 %     1.0 %     1.1 %     1.1 %     0 %
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Stock compensation activity under our equity incentive plans for fiscal 2016, 2015 and 2014 is summarized below:
 
                                 
 
 
Shares Available
 
 
Options Outstanding
 
 
Weighted Average Exercise Price
 
 
 
for Grant
 
 
Number of Shares (1)
 
 
Intrinsic Value (2)
 
 
per Share
 
 
 
 
 
 
 
 
 
 
 
 
(000
)
 
 
 
 
                                 
Balances, March 31, 2013
    451,713       5,327,473     $ 4,273     $ 10.04  
New shares authorized (3)
    2,000,000       -                  
Plan authorization expired
    (47,963 )     -                  
Options granted
    (515,000 )     515,000             $ 10.63  
Options exercised
    -       (572,338 )   $ 1,695     $ 8.72  
Options cancelled
    24,000       (34,000 )           $ 11.42  
Options expired
    17,500       (34,500 )           $ 12.62  
Balances, March 31, 2014
    1,930,250       5,201,635     $ 8,658     $ 10.22  
Options granted
    (249,000 )     249,000             $ 11.83  
Options exercised
    -       (339,374 )   $ 1,310     $ 8.62  
Options cancelled
    39,750       (94,250 )           $ 11.46  
Options expired
    26,000       (74,500 )           $ 11.17  
Balances, March 31, 2015
    1,747,000       4,942,511     $ 10,831     $ 10.37  
Options granted
    (1,124,000 )     1,124,000             $ 11.72  
Options exercised
    -       (382,826 )   $ 1,551     $ 9.02  
Options cancelled
    14,500       (14,500 )           $ 11.31  
Options expired
    -       (434,788 )           $ 14.68  
Balances, March 31, 2016
    637,500       5,234,397     $ 6,456     $ 10.40  
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
Options Outstanding
 
 
Options Exercisable
 
Exercise Price
per Share
 
 
Number of Shares Outstanding
 
 
Weighted Average Contractual Life
 
 
Weighted Average Exercise Price
per Share
 
 
Number of Shares Exercisable
 
 
Weighted Average Exercise Price
per Share
 
$5.01 - $7.75       819,897       2.6     $ 6.63       819,897     $ 6.63  
$7.76 - $10.00       1,223,500       4.8     $ 9.33       1,017,750     $ 9.29  
$10.01 - $12.50       2,448,000       6.6     $ 11.42       1,331,916     $ 11.52  
$12.51 - $13.37       743,000       6.1     $ 12.96       450,000     $ 12.69  
$5.01 - $13.37       5,234,397       5.5     $ 10.40       3,619,563     $ 9.93