Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 31, 2015

Inventories consisted of the following (in thousands):



	December 31, 2015		March 31, 2015		December 31, 2014
Raw material	$	10,940	$	9,612	$	9,349
Work-in-process	13,244		15,376		10,831
Finished goods	42,895		40,503		42,356
	$	67,079	$	65,491	$	62,536

Property, Plant and Equipment

Property, plant and equipment are stated at cost and include the following (in thousands):



	December 31, 2015			March 31, 2015			December 31, 2014
Land	$	2,508		$	2,508		$	2,508
Buildings, leasehold interests and improvements	34,363			35,664			35,445
Machinery, equipment and other	88,230			88,148			89,538
	125,101			126,320			127,491
Less - Accumulated depreciation and amortization	(98,509		)	(100,827		)	(101,716		)
Net property, plant and equipment	$	26,592		$	25,493		$	25,775

Net Income Per Common Share

The following table sets forth the computation of basic and diluted net income per common share for the three- and nine months ended December 31, 2015 and 2014 (in thousands, except per share data):



	Three Months Ended December 31,				Nine Months Ended December 31,
	2015		2014		2015		2014
Numerator:
Net income	$	9,664	$	9,768	$	17,825	$	18,290

Denominator:
Weighted average shares outstanding for basic net income per common share	9,037		9,331		9,175		9,321
Effect of dilutive stock options	89		89		96		82
Adjusted weighted average share outstanding for diluted net income per common share	9,126		9,420		9,271		9,403

Basic net income per common share	$	1.07	$	1.05	$	1.94	$	1.96
Diluted net income per common share	$	1.06	$	1.04	$	1.92	$	1.95