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EQUITY COMPENSATION PLANS AND SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Dec. 31, 2012
EQUITY COMPENSATION PLANS AND SHARE-BASED COMPENSATION [Abstract]  
Total share-based compensation expense, net of tax
The following table summarizes total share-based compensation expense, net of tax, related to restricted stock units during the three and nine months ended December 31, 2012 and 2011, which is included in our condensed consolidated statements of income (in thousands, except per share data):

 
Three Months Ended
 
 
Nine Months Ended
 
 
December 31,
 
 
December 31,
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
Cost of revenues
 
$
228
 
 
$
187
 
 
$
673
 
 
$
698
 
Research and development
 
 
300
 
 
 
226
 
 
 
854
 
 
 
641
 
Sales and marketing
 
 
613
 
 
 
475
 
 
 
1,885
 
 
 
1,402
 
General and administrative
 
 
638
 
 
 
624
 
 
 
1,878
 
 
 
1,453
 
  Share-based compensation expense before income taxes
 
 
1,779
 
 
 
1,512
 
 
 
5,290
 
 
 
4,194
 
Income tax benefit
 
 
(641
)
 
 
(526
)
 
 
(1,898
)
 
 
(1,459
)
  Total share-based compensation expense after income taxes
 
$
1,138
 
 
$
986
 
 
$
3,392
 
 
$
2,735
 
Net impact of share-based compensation on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic net income per share
 
$
0.05
 
 
$
0.05
 
 
$
0.15
 
 
$
0.12
 
  Diluted net income per share
 
$
0.05
 
 
$
0.04
 
 
$
0.15
 
 
$
0.12
 
Stock option activity
The following table summarizes information regarding options outstanding and options exercisable at December 31, 2012 and the changes during the nine-month period then ended:

 
 
 
 
Weighted
 
 
Weighted
 
 
 
 
 
 
 
 
Average
 
 
Average
 
 
Aggregate
 
 
 
 
 
Exercise
 
 
Remaining
 
 
Intrinsic
 
 
Number of
 
 
Price
 
 
Contractual
 
 
Value
 
 
Shares
 
 
Per Share
 
 
Life (Years)
 
 
(In thousands)
 
Outstanding at March 31, 2012
 
 
282,000
 
 
$
15.21
 
 
 
 
 
 
 
Granted
 
 
-
 
 
 
-
 
 
 
 
 
 
 
Exercised
 
 
(114,000
)
 
 
14.06
 
 
 
 
 
 
 
Canceled or forfeited
 
 
-
 
 
 
-
 
 
 
 
 
 
 
Outstanding at December 31, 2012
 
 
168,000
 
 
$
15.99
 
 
 
1.03
 
 
$
3,555
 
Vested and expected to vest at December 31, 2012
 
 
168,000
 
 
$
15.99
 
 
 
1.03
 
 
$
3,555
 
Exercisable at December 31, 2012
 
 
168,000
 
 
$
15.99
 
 
 
1.03
 
 
$
3,555
 
Restricted stock unit activity
The following table summarizes restricted stock unit activity for the nine months ended December 31, 2012:

 
Time-Based Restricted
 
 
Performance-Based Restricted
 
 
Stock Units
 
 
Stock Units
 
 
 
 
 
Weighted
 
 
 
 
 
Weighted
 
 
 
 
 
Average
 
 
 
 
 
Average
 
 
Number of
 
 
Grant Date
 
 
Number of
 
 
Grant Date
 
 
 
Shares
 
 
Fair Value(1)
 
 
Shares
 
 
Fair Value(1)
 
Nonvested at March 31, 2012
 
 
1,120,000
 
 
$
24.06
 
 
 
-
 
 
$
-
 
Granted(2)
 
 
180,000
 
 
 
35.83
 
 
 
21,000
 
 
 
35.62
 
Vested(3)
 
 
(255,000
)
 
 
23.45
 
 
 
-
 
 
 
-
 
Canceled or forfeited
 
 
(68,000
)
 
 
26.09
 
 
 
-
 
 
 
-
 
Nonvested at December 31, 2012
 
 
977,000
 
 
$
26.24
 
 
 
21,000
 
 
$
35.62
 
 
(1)
The weighted average grant date fair value of restricted stock units is based on the number of shares and the closing market price of our common stock on the date of grant.
(2)
The shares granted for restricted stock unit awards (performance vesting) do not include the awards approved by the Board of Directors during the period that are deemed not to have been granted in accordance with ASC 718-10-55-95.
(3)
The number of restricted stock units vested includes shares that we withheld on behalf of our employees to satisfy the statutory tax withholding requirements.