SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2013

SHARE-BASED COMPENSATION [Abstract]

Summary of Stock Option Activity

During the three months ended June 30, 2013 and 2012, there were no stock options granted. A summary of stock option activity during the three months ended June 30, 2013 is as follows:

	Number of Shares		Exercise Price Range		Weighted Average Exercise Price		Weighted Average Contractual Life Remaining (in years)		Aggregate Intrinsic Value
Outstanding, April 1, 2013		40,000	$	12.73 - $15.25	$	13.99
Options exercised (1)		-
Outstanding, June 30, 2013		40,000	$	12.73 - $15.25	$	13.99		1.2	$	1,836,000
Vested at June 30, 2013		40,000			$	13.99		1.2	$	1,836,000
Exercisable at June 30, 2013		40,000			$	13.99		1.2	$	1,836,000

(1) No stock options were exercised during the three months ended June 30, 2013.

Additional information regarding stock options outstanding as of June 30, 2013 is as follows:

		Options Outstanding and Exercisable
Range of Exercise Prices		Options Outstanding		Weighted Average Exercise Price per Share		Weighted Average Contractual Life Remaining (in years)
	$12.73		20,000	$	12.73		2.2
	$15.25		20,000	$	15.25		0.2
	$12.73 - $15.25		40,000	$	13.99		1.2

Summary of Nonvested Restricted Shares

A summary of the restricted shares is as follows:

	Number of Shares			Weighted Average Grant-date Fair Value
Nonvested April 1, 2013		246,048		$	26.32
Granted		77,827		$	57.66
Vested		(84,415	)	$	26.59
Nonvested June 30, 2013		239,460		$	36.41