LETTERS OF CREDIT	12 Months Ended
LETTERS OF CREDIT	Mar. 31, 2015
LETTERS OF CREDIT
LETTERS OF CREDIT	3. LETTERS OF CREDIT In the normal course of business, the Company may provide certain customers and potential customers with bid bonds or performance guarantees, which are generally backed by standby letters of credit. In general, the Company would only be liable for the amount of these guarantees in the event of default in the performance of its obligations, the probability of which is remote in management’s opinion. At March 31, 2015, the Company had outstanding $11,855,000 in standby letters of credit. These outstanding standby letters of credit are cash-secured at amounts ranging from 52% to 76% of the outstanding letters of credit. This resulted in a restricted cash balance of $6,401,000 at March 31, 2015 of which $208,000 was considered long-term restricted cash due to the expiration date of the underlying letters of credit.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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