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QUARTERLY DATA -UNAUDITED (Tables) | 12 Months Ended
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Mar. 31, 2019
QUARTERLY DATA -UNAUDITED [Abstract] |
Condensed Quarterly Financial Information | Condensed quarterly financial information is as follows (amounts in thousands, except per share amounts):
|  | Year Ended March 31, 2019 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Annual Amount |
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product |  | $ | 322,817 |  |  | $ | 309,475 |  |  | $ | 310,443 |  |  | $ | 280,460 |  |  |  | 1,223,195 |
Service |  |  | 33,715 |  |  |  | 35,568 |  |  |  | 35,221 |  |  |  | 44,974 |  |  |  | 149,478 |
Total net sales |  |  | 356,532 |  |  |  | 345,043 |  |  |  | 345,664 |  |  |  | 325,434 |  |  |  | 1,372,673 |
Cost of Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product |  |  | 255,812 |  |  |  | 238,134 |  |  |  | 241,856 |  |  |  | 216,662 |  |  |  | 952,464 |
Service |  |  | 20,017 |  |  |  | 21,409 |  |  |  | 20,895 |  |  |  | 27,500 |  |  |  | 89,821 |
Total cost of sales |  |  | 275,829 |  |  |  | 259,543 |  |  |  | 262,751 |  |  |  | 244,162 |  |  |  | 1,042,285 |
Gross profit |  |  | 80,703 |  |  |  | 85,500 |  |  |  | 82,913 |  |  |  | 81,272 |  |  |  | 330,388 |
Selling, general, and administrative expenses |  |  | 56,966 |  |  |  | 57,705 |  |  |  | 59,728 |  |  |  | 62,683 |  |  |  | 237,082 |
Depreciation and amortization |  |  | 2,790 |  |  |  | 2,741 |  |  |  | 2,719 |  |  |  | 3,574 |  |  |  | 11,824 |
Interest and financing costs |  |  | 476 |  |  |  | 484 |  |  |  | 443 |  |  |  | 545 |  |  |  | 1,948 |
Operating expenses |  |  | 60,232 |  |  |  | 60,930 |  |  |  | 62,890 |  |  |  | 66,802 |  |  |  | 250,854 |
Operating income |  |  | 20,471 |  |  |  | 24,570 |  |  |  | 20,023 |  |  |  | 14,470 |  |  |  | 79,534 |
Other income and (expense) |  |  | 97 |  |  |  | 322 |  |  |  | 721 |  |  |  | 5,556 |  |  |  | 6,696 |
Earnings before provision for income taxes |  |  | 20,568 |  |  |  | 24,892 |  |  |  | 20,744 |  |  |  | 20,026 |  |  |  | 86,230 |
Provision for income taxes |  |  | 5,295 |  |  |  | 6,889 |  |  |  | 5,880 |  |  |  | 4,974 |  |  |  | 23,038 |
Net earnings |  | $ | 15,273 |  |  | $ | 18,003 |  |  | $ | 14,864 |  |  | $ | 15,052 |  |  | $ | 63,192 |
Net earnings per common share— Basic (1) |  | $ | 1.14 |  |  | $ | 1.33 |  |  | $ | 1.10 |  |  | $ | 1.12 |  |  | $ | 4.70 |
Net earnings per common share— Diluted (1) |  | $ | 1.12 |  |  | $ | 1.33 |  |  | $ | 1.10 |  |  | $ | 1.12 |  |  | $ | 4.65 |
(1) | Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.
|  | Year Ended March 31, 2018 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Annual Amount |
|  | (as adjusted) |
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product |  | $ | 346,245 |  |  | $ | 339,710 |  |  | $ | 310,120 |  |  | $ | 293,232 |  |  |  | 1,289,307 |
Service |  |  | 27,111 |  |  |  | 31,653 |  |  |  | 34,106 |  |  |  | 36,625 |  |  |  | 129,495 |
Total net sales |  |  | 373,356 |  |  |  | 371,363 |  |  |  | 344,226 |  |  |  | 329,857 |  |  |  | 1,418,802 |
Cost of Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product |  |  | 280,755 |  |  |  | 266,732 |  |  |  | 247,891 |  |  |  | 228,212 |  |  |  | 1,023,590 |
Service |  |  | 15,008 |  |  |  | 17,060 |  |  |  | 19,647 |  |  |  | 20,015 |  |  |  | 71,730 |
Total cost of sales |  |  | 295,763 |  |  |  | 283,792 |  |  |  | 267,538 |  |  |  | 248,227 |  |  |  | 1,095,320 |
Gross profit |  |  | 77,593 |  |  |  | 87,571 |  |  |  | 76,688 |  |  |  | 81,630 |  |  |  | 323,482 |
Selling, general, and administrative expenses |  |  | 54,664 |  |  |  | 56,340 |  |  |  | 57,134 |  |  |  | 59,989 |  |  |  | 228,127 |
Depreciation and amortization |  |  | 2,063 |  |  |  | 2,129 |  |  |  | 2,894 |  |  |  | 2,835 |  |  |  | 9,921 |
Interest and financing costs |  |  | 359 |  |  |  | 274 |  |  |  | 270 |  |  |  | 292 |  |  |  | 1,195 |
Operating expenses |  |  | 57,086 |  |  |  | 58,743 |  |  |  | 60,298 |  |  |  | 63,116 |  |  |  | 239,243 |
Operating income |  |  | 20,507 |  |  |  | 28,828 |  |  |  | 16,390 |  |  |  | 18,514 |  |  |  | 84,239 |
Other income and (expense) |  |  | 271 |  |  |  | (141 | ) |  |  | (131 | ) |  |  | (347 | ) |  |  | (348 | )
Earnings before provision for income taxes |  |  | 20,778 |  |  |  | 28,687 |  |  |  | 16,259 |  |  |  | 18,167 |  |  |  | 83,891 |
Provision for income taxes |  |  | 7,355 |  |  |  | 11,466 |  |  |  | 678 |  |  |  | 9,270 |  |  |  | 28,769 |
Net earnings |  | $ | 13,423 |  |  | $ | 17,221 |  |  | $ | 15,581 |  |  | $ | 8,897 |  |  | $ | 55,122 |
Net earnings per common share— Basic (1) |  | $ | 0.97 |  |  | $ | 1.24 |  |  | $ | 1.12 |  |  | $ | 0.65 |  |  | $ | 4.00 |
Net earnings per common share— Diluted (1) |  | $ | 0.96 |  |  | $ | 1.23 |  |  | $ | 1.11 |  |  | $ | 0.65 |  |  | $ | 3.95 |
(1) | Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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