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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Mar. 31, 2013
SHARE-BASED COMPENSATION [Abstract]  
Summary of Stock Option Activity
A summary of stock option activity during the year ended March 31, 2013 is as follows:

 
 
Number of Shares
  
Exercise Price Range
  
Weighted Average Exercise Price
  
Weighted Average Contractual Life Remaining (in years)
  
Aggregate Intrinsic Value
 
 
 
 
  
 
  
 
  
 
  
 
 
Outstanding, April 1, 2012
  145,000  $7.14 - $15.25  $11.91  
 
  
 
 
Options exercised (1)
  (105,000) $7.14 - $15.25  $11.12  
 
  
 
 
Outstanding, March 31, 2013
  40,000  $12.73 - $15.25  $13.99   1.5  $1,288,800 
                      
Vested at March 31, 2013
  40,000      $13.99   1.5  $1,288,800 
Exercisable at March 31, 2013
  40,000      $13.99   1.5  $1,288,800 
 
(1)
The total intrinsic value of stock options exercised during the year ended March 31, 2013 was $2.9 million.

Additional information regarding options outstanding as of March 31, 2013 is as follows:

   
Options Outstanding and Exercisable
 
Range of Exercise Prices
  
Options
Outstanding
  
Weighted Average Exercise Price per Share
  
Weighted Average Contractual Life Remaining
(in years)
 
 
  
 
  
 
  
 
 
$12.73   20,000  $12.73   2.5 
$15.25   20,000  $15.25   0.5 
$12.73 - $15.25   40,000  $13.99   1.5 
 
Summary of Nonvested Restricted Shares
A summary of the non-vested restricted shares is as follows:

 
 
Number of Shares
  
Weighted Average Grant-date Fair Value
 
 
 
 
  
 
 
Nonvested April 1, 2012
  276,130  $20.75 
Granted
  105,198  $32.71 
Vested
  (132,244) $19.84 
Forfeited
  (3,036) $23.76 
Nonvested March 31, 2013
  246,048  $26.32