NET INCOME PER SHARE (Tables)

6 Months Ended

Sep. 30, 2012

NET INCOME PER SHARE [Abstract]

Reconciliation of weighted average number of common shares outstanding used in calculating basic and diluted net income per share

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net income per share (in thousands, except share and per share data):

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Numerator:
Net income	$	12,909	$	3,321	$	15,773	$	5,535
Denominator:
Weighted average common shares outstanding - basic		21,920,000		22,290,000		21,869,000		22,484,000
Weighted average effect of dilutive securities:
Stock options		107,000		123,000		107,000		156,000
Restricted stock units		252,000		142,000		277,000		201,000
Warrants		27,000		9,000		27,000		9,000
Weighted average common shares outstanding - diluted		22,306,000		22,564,000		22,280,000		22,850,000
Net income per share:
Basic net income per share	$	0.59	$	0.15	$	0.72	$	0.25
Diluted net income per share	$	0.58	$	0.15	$	0.71	$	0.24

Antidilutive securities excluded from computation of diluted weighted average shares outstanding

We excluded the following restricted stock units from the computation of diluted weighted average shares outstanding because the inclusion of these awards would be antidilutive to net income per share:

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Weighted average number of shares underlying antidilutive restricted stock units		-		264,000		101,000		219,000