Stock-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2013

The following table summarizes stock option activity under all Plans and other grants authorized by the Board of Directors.


	Number of Shares			Aggregate Intrinsic Value		Approximate Remaining Contractual Term (Years)		Weighted- Average Exercise Price

Outstanding at March 31, 2013		1,231,498		$	720		7	$	8.20
Granted		158,000			—		10		8.58
Exercised		(49,167	)		91		—		6.80

Canceled or expired		(108,667	)		—		—		9.08

Outstanding at June 30, 2013		1,231,664			1,093		8		8.22


Options exercisable at June 30, 2013		602,997			764		6		8.17
Unvested options expected to become exercisable after June 30, 2013		628,667			329		9		8.28

Shares available for future option grants at June 30, 2013 (a)		428,477

(a)	May be decreased by restricted stock grants.

A summary of restricted stock award activity under all Plans follows.


	Number of Shares		Weighted – Average Grant Date Fair Value

Non-vested at March 31, 2013		24,125	$	7.51
Granted		11,714		8.35
Vested		—		—
Cancelled		—		—

Non-vested at June 30, 2013		35,839		7.78

Black Scholes Based Option Pricing Model [Member]

The Company used the following assumptions to estimate the fair value of option grants under the Black-Scholes method:


	Dividend yield			Volatility			Risk-free interest rate			Expected term of options (in years)		Forfeiture adjustment
2014 $3.03 value per option		0.0	%		31.2	%		1.3	%		7.0		0.0	%
2014 $3.01 value per option		0.0	%		31.2	%		1.3	%		7.0		0.0	%
2013 $3.05 value per option		0.0	%		34.0	%		1.2	%		7.0		0.0	%
2013 $3.02 value per option		0.0	%		35.5	%		1.2	%		7.0		0.0	%
2013 $3.02 value per option		0.0	%		34.9	%		1.1	%		7.0		0.0	%
2013 $2.82 value per option		0.0	%		30.9	%		1.3	%		7.0		0.0	%

Monte Carlo Simulation [Member]

The Company used the following assumptions to estimate the fair value of option grants under the Monte Carlo simulation:


	2014 $2.13 value per option			2014 $1.92 value per option			2013 $1.86 value per option			2013 $1.75 value per option			2013 $1.75 value per option
Dividend yield		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Volatility		34.9	%		34.9	%		34.0	%		34.9	%		30.1	%
Risk-free interest rate		1.9	%		1.9	%		1.8	%		1.1	%		1.3	%
Expected term of options (in years)		10.0			10.0			10.0			10.0			10.0
Forfeiture adjustment		0.2	%		0.3	%		0.2	%		0.2	%		0.2	%
Suboptimal behavior factor		1.9			1.9			1.9			1.9			1.9