INCOME PER COMMON AND COMMON EQUIVALENT SHARE (Tables)

6 Months Ended

Sep. 30, 2014

INCOME (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE

Schedule of calculation of basic and diluted earnings per share

	Three Months Ended					Six Months Ended
(In thousands except per share amounts)	September 30, 2014			September 30, 2013		September 30, 2014			September 30, 2013
Income (Loss) Per Share
Basic:
Net income (loss)	$	(3,906	)	$	4,739	$	(2,452	)	$	9,604
Weighted average number of common shares outstanding — basic	7,917			7,820		7,904			7,831
Net income (loss) per share — basic	$	(0.49	)	$	0.61	$	(0.31	)	$	1.23
Diluted:
Net income (loss)	$	(3,906	)	$	4,739	$	(2,452	)	$	9,604
Weighted average number of common shares outstanding	7,917			7,820		7,904			7,831
Assumed exercise of dilutive stock options and restricted stock units, using the treasury stock method	—			31		—			35
Weighted average number of common and potential common shares outstanding — diluted	7,917			7,851		7,904			7,866
Net income (loss) per share — diluted	$	(0.49	)	$	0.60	$	(0.31	)	$	1.22