INCOME TAXES

6 Months Ended

Sep. 30, 2012

INCOME TAXES [Abstract]

INCOME TAXES

12. INCOME TAXES

We recognize interest and penalties for uncertain tax positions. As of September 30, 2012, our gross liability related to uncertain tax positions was $316 thousand. At September 30, 2012 if the unrecognized tax benefits of $316 thousand were to be recognized, including the effect of interest, penalties and federal tax benefit, the impact would be $429 thousand. We also recognize accrued interest and penalties related to unrecognized tax benefits as a component of tax expense. We recorded interest expense of $4 and $9 thousand for the three and six months ended September 30, 2012, and $11 thousand and $22 thousand for the same periods last year. We did not recognize any additional penalties. We had $189 thousand and $167 thousand accrued for the payment of interest at September 30, 2012 and 2011, respectively.