INCOME TAXES: (Tables)

12 Months Ended

Mar. 31, 2013

INCOME TAXES:

Schedule of allocation of total income tax expense (benefit)

Total income tax expense (benefit) was allocated as follows (dollars in thousands):

	2013			2012		2011
Income from continuing operations	$	33,058		$	29,129	$	31,726
Income from discontinued operations	—			19,388		2,351
Stockholders’ equity:
Tax impact of stock options, warrants and restricted stock	(357		)	1,310		316
	$	32,701		$	49,827	$	34,393

Schedule of income tax expense (benefit) attributable to earnings from continuing operations

Income tax expense (benefit) attributable to earnings from continuing operations consists of (dollars in thousands):

	2013			2012			2011
Current:
U.S. Federal	$	32,782		$	22,919		$	10,860
Non-U.S.	716			295			176
State	3,138			3,687			2,111
	36,636			26,901			13,147
Deferred:
U.S. Federal	(3,874		)	900			19,477
Non-U.S.	(574		)	2,359			(264		)
State	870			(1,031		)	(634		)
	(3,578		)	2,228			18,579
Total	$	33,058		$	29,129		$	31,726

Schedule of earnings (loss) before income tax attributable to U.S. and non-U.S. continuing operations

Earnings (loss) before income tax attributable to U.S. and non-U.S. continuing operations consist of (dollars in thousands):

	2013		2012			2011
U.S.	$	89,791	$	100,051		$	93,503
Non-U.S.	386		(33,305		)	(93,615		)
Total	$	90,177	$	66,746		$	(112	)

Schedule of reconciliation of income tax expense (benefit) computed using the U.S. federal statutory income tax rate to the actual provision for income taxes for continuing operations

Below is a reconciliation of income tax expense (benefit) computed using the U.S. federal statutory income tax rate of 35% of earnings before income taxes to the actual provision for income taxes (dollars in thousands) for continuing operations:

	2013			2012			2011
Computed expected tax expense (benefit)	$	31,562		$	23,361		$	(39	)
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit	1,631			1,672			1,892
Research, experimentation and other tax credits	(1,408		)	(518		)	(3,897		)
Impairment of goodwill and intangibles not deductible for tax	—			5,031			28,006
Permanent differences between book and tax expense	(481		)	(9,507		)	(58		)
Non-U.S. subsidiaries taxed at other than 35%	1,761			3,670			4,409
Adjustment to valuation allowances	726			4,598			1,312
Other, net	(733		)	822			101
	$	33,058		$	29,129		$	31,726

Schedule of reconciliation of income tax expense (benefit) computed using the U.S. federal statutory income tax rate to the actual provision for income taxes for discontinued operations

Below is a reconciliation of income tax expense (benefit) computed using the U.S. federal statutory income tax rate of 35% of earnings before income taxes to the actual provision for income taxes for discontinued operations (dollars in thousands):

	2012		2011
Computed expected tax expense (benefit)	$	18,650	$	2,011
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit	737		187
Other, net	1		153
	$	19,388	$	2,351

Schedule of components of deferred tax assets and liabilities

Calculation of the deferred income tax related to these earnings is not practicable (dollars in thousands).

	2013			2012
Deferred tax assets:
Accrued expenses not currently deductible for tax purposes	$	9,183		$	11,228
Revenue recognized for tax purposes in excess of revenue for financial reporting purposes	4,314			3,878
Net operating loss and tax credit carryforwards	45,746			51,153
Other	11,945			10,410
Total deferred tax assets	71,188			76,669
Less valuation allowance	35,981			39,083
Net deferred tax assets	35,207			37,586
Deferred tax liabilities:
Intangible assets, principally due to differences in amortization	$	(66,959	)	$	(64,798	)
Costs capitalized for financial reporting purposes in excess of amounts capitalized for tax purposes	(24,869		)	(26,072		)
Property and equipment, principally due to differences in depreciation	(17,702		)	(24,648		)
Total deferred tax liabilities	(109,530		)	(115,518		)
Net deferred tax liability	$	(74,323	)	$	(77,932	)

Schedule of changes in the total gross unrecognized tax benefit liabilities, including accrued interest

(dollars in thousands)	2013		2012			2011
Balance at beginning of period	$	3,109	$	3,043		$	6,379
Additions based on tax positions related to the current year	342		189			360
Reduction due to expiration of statute of limitations	—		(94		)	(3,460		)
Adjustments to tax positions taken in prior years	195		(29		)	(236		)
Balance at end of period included in other liabilities	$	3,646	$	3,109		$	3,043