Stock-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2015

The following table summarizes stock option activity under all plans:

	Number Of Shares			Aggregate Intrinsic Value		Approximate Remaining Contractual Term (Years)		Weighted- Average Exercise Price
Outstanding at March 31, 2012		759,577		$	800		7	$	8.17
Granted		551,000			—		10	$	8.07
Exercised		(46,411	)	$	35		—	$	6.07
Canceled or expired		(32,668	)		—		—	$	8.51
Outstanding at March 31, 2013		1,231,498		$	720		7	$	8.20
Granted		158,000			—		10	$	8.58
Exercised		(130,548	)	$	253		—	$	6.98
Canceled or expired		(407,785	)		—		—	$	8.84
Outstanding at March 31, 2014		851,165		$	1,516		8	$	8.15
Granted		440,000			—		10	$	11.45
Exercised		(88,833	)	$	339		—	$	7.46
Canceled or expired		(46,333	)		—		—	$	8.20
Outstanding at March 31, 2015		1,155,999		$	1,480		8	$	9.26
Options exercisable at March 31, 2015		597,000		$	1,143		7	$	8.60
Unvested options expected to become exercisable after March 31, 2015		558,999		$	391		9	$	10.23
Shares available for future option grants at March 31, 2015 (a)		281,376

(a)	May be decreased by restricted stock grants.

A summary of restricted stock award activity under all plans is as follows:

	Number of Shares			Weighted – Average Grant Date Fair Value
Non-vested at March 31, 2012		21,094		$	8.54
Granted		23,934		$	7.52
Vested		(20,903	)	$	8.56
Cancelled		—		$	—
Non-vested at March 31, 2013		24,125		$	7.51
Granted		31,196		$	8.91
Vested		(24,125	)	$	7.51
Cancelled		(1,389	)	$	8.35
Non-vested at March 31, 2014		29,807		$	8.93
Granted		27,930		$	10.07
Vested		(22,924	)	$	9.11
Cancelled		(4,649	)	$	9.24
Non-vested at March 31, 2015		30,164		$	8.81

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
2015 $4.61 value per option		0.0	%		30.0	%		2.1	%		7.0		0.0	%
2015 $3.85 value per option		0.0	%		30.9	%		2.2	%		7.0		0.0	%
2015 $3.72 value per option		0.0	%		30.9	%		2.2	%		7.0		0.0	%
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	%

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

	2015 $3.05 value per option		2015 $2.49 value per option		2015 $2.49 value per option		2014 $1.90 value per option			2014 $1.71 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	%		0.0	%		0.0	%		0.0	%
Volatility	32.3	%	33.7	%	33.7	%		34.9	%		34.9	%		34.0	%		34.9	%		30.1	%
Risk-free interest rate	2.6	%	2.5	%	2.5	%		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			10.0			10.0			10.0
Forfeiture adjustment	1.4	%	1.2	%	1.2	%		1.1	%		1.8	%		0.2	%		0.2	%		0.2	%
Suboptimal behavior factor	1.6		1.6		1.6			1.7			1.7			1.9			1.9			1.9