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STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block] | Fair value was estimated at grant date using the weighted-average assumptions listed below:
| Three months ended September 30, |  | Six months ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Dividend Yield | —% |  | —% |  | —% |  | —%
Expected Volatility | —% |  | —% |  | 50.33% |  | 56.18%
Average risk-free rate | —% |  | —% |  | 1.85% |  | 1.37%
Expected Life | 0.0 years |  | 0.0 years |  | 5.0 years |  | 5.9 years
Tabular disclosure of performance shares vesting based on EPS targets [Table Text Block] | Group B awards would have vested as follows, if the Company achieved the following performance goals during any successive trailing four quarters during the measurement period ending on March 31, 2017:
Trailing 4 quarter EPS Target |  | Restricted Shares Eligible for Vesting (Percentage of Award)
$13.00 |  | 25%
$14.50 |  | 25%
$16.00 |  | 25%
$18.00 |  | 25%
Group A awards vested on April 30, 2015 based on the Company's achievement of the following performance goals as of March 31, 2015:
EPS Target |  | Restricted Shares Eligible for Vesting (Percentage of Award)
$10.29 |  | 100%
$9.76 |  | 67%
$9.26 |  | 33%
Below $9.26 |  | 0%
Summary schedule of stock option activity | ption activity for the six months ended September 30, 2017 was as follows:
| Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Options outstanding, beginning of period | 860,741 |  |  | $ | 67.28 |  |  |  |  |
Granted during period | 1,020 |  |  | 50.32 |  |  |  |  |
Exercised during period | (115,819 | ) |  | 58.41 |  |  |  |  |
Forfeited during period | (13,889 | ) |  | 62.85 |  |  |  |  |
Expired during period | (11,484 | ) |  | 79.26 |  |  |  |  |
Options outstanding, end of period | 720,569 |  |  | $ | 68.57 |  |  | 6.1 years |  | $ | 11,313,328 |
Options exercisable, end of period | 423,234 |  |  | $ | 72.01 |  |  | 5.3 years |  | $ | 5,252,313 |
Intrinsic value of options exercised | The total intrinsic value of options exercised during the periods ended September 30, 2017 and 2016 was as follows:
| September 30, 2017 |  | September 30, 2016
Three months ended | $ | 451,718 |  |  | $ | 24,916 |
Six months ended | $ | 2,676,597 |  |  | $ | 112,939 |
Summary of the status and changes restricted stock | A summary of the status of the Company’s restricted stock as of September 30, 2017, and changes during the six months ended September 30, 2017, are presented below:
| Shares |  | Weighted Average Fair Value at Grant Date
Outstanding at March 31, 2017 | 111,361 |  |  | $ | 43.11 |
Granted during the period | — |  |  | — |
Vested during the period | (816 | ) |  | 43.49 |
Forfeited during the period | — |  |  | — |
Outstanding at September 30, 2017 | 110,545 |  |  | $ | 43.11 |
Share-based compensation included as a component of net income | Total share-based compensation included as a component of net income during the three and six-month periods ended September 30, 2017 and 2016 was as follows:
| Three months ended September 30, |  | Six months ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Share-based compensation related to equity classified awards: |  |  |  |  |  |  |
Share-based compensation related to stock options | $ | 572,916 |  |  | 616,756 |  |  | 1,122,227 |  |  | 982,420 |
Share-based compensation related to restricted stock, net of adjustments and exclusive of cancellations | 707,352 |  |  | 236,006 |  |  | 1,290,118 |  |  | 423,868 |
Total share-based compensation related to equity classified awards | $ | 1,280,268 |  |  | 852,762 |  |  | 2,412,345 |  |  | 1,406,288 |

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- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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