EARNINGS PER SHARE (Tables)

9 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

	Three months ended December 31, 2015			Three months ended December 31, 2014			Nine months ended December 31, 2015			Nine months ended December 31, 2014
Numerator:
Net (loss) income before preferred dividends	$	(3,847	)	$	4,260		$	10,951		$	12,155
Preferred stock dividends	(351		)	(291		)	(1,000		)	(872		)
Net (loss) income applicable to common stockholders	$	(4,198	)	$	3,969		$	9,951		$	11,283
Denominator:
Weighted average common shares for basic EPS	18,091,973			17,837,696			17,984,502			17,837,007
Effect of dilutive securities:
Average price during period	2.07			4.81			2.71			5.71
Long term incentive stock option plan	476,451			479,785			478,674			479,785
Average exercise price of stock options	5.66			5.66			5.66			5.66
Shares that could be acquired with the proceeds of options	—			—			—			475,662
Dilutive shares due to options	—			—			—			4,123
Restricted Stock Units (RSU)-unvested	19,491			30,050			19,491			20,543
Average grant date fair value of unvested RSU	5.99			5.99			5.99			5.99
Shares that could be acquired with the proceeds of RSU	—			—			—			—
Dilutive shares due to RSU	—			—			—			—
Incremental shares due to unvested restricted shares	—			—			—			—
Weighted average convertible preferred shares at $6.20	2,411,774			2,419,355			2,411,774			2,419,355
Weighted average common shares for diluted EPS	18,091,973			20,362,406			20,396,276			20,377,191
Basic EPS	$	(0.23	)	$	0.22		$	0.55		$	0.63
Diluted EPS	$	(0.23	)	$	0.21		$	0.54		$	0.60