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v2.4.1.9

Condensed Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 9 Months Ended
--- | --- | ---
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013
Revenues | $ 17,830 us-gaap_SalesRevenueNet | $ 13,116 us-gaap_SalesRevenueNet | $ 52,770 us-gaap_SalesRevenueNet | $ 37,010 us-gaap_SalesRevenueNet
Cost of revenues | 6,778 us-gaap_CostOfRevenue | 5,410 us-gaap_CostOfRevenue | 20,890 us-gaap_CostOfRevenue | 14,907 us-gaap_CostOfRevenue
Gross profit | 11,052 us-gaap_GrossProfit | 7,706 us-gaap_GrossProfit | 31,880 us-gaap_GrossProfit | 22,103 us-gaap_GrossProfit
Operating expenses |  |  |  |
Selling | 1,772 us-gaap_SellingExpense | 1,595 us-gaap_SellingExpense | 5,177 us-gaap_SellingExpense | 4,097 us-gaap_SellingExpense
General and administrative | 4,740 us-gaap_GeneralAndAdministrativeExpense | 2,781 us-gaap_GeneralAndAdministrativeExpense | 12,581 us-gaap_GeneralAndAdministrativeExpense | 8,003 us-gaap_GeneralAndAdministrativeExpense
Research and development | 832 us-gaap_ResearchAndDevelopmentExpense | 524 us-gaap_ResearchAndDevelopmentExpense | 2,459 us-gaap_ResearchAndDevelopmentExpense | 1,639 us-gaap_ResearchAndDevelopmentExpense
Total operating expenses | 7,344 us-gaap_OperatingExpenses | 4,900 us-gaap_OperatingExpenses | 20,217 us-gaap_OperatingExpenses | 13,739 us-gaap_OperatingExpenses
Operating income | 3,708 us-gaap_OperatingIncomeLoss | 2,806 us-gaap_OperatingIncomeLoss | 11,663 us-gaap_OperatingIncomeLoss | 8,364 us-gaap_OperatingIncomeLoss
Other income (expense), net | 5 us-gaap_OtherNonoperatingIncomeExpense | (79)us-gaap_OtherNonoperatingIncomeExpense | (314)us-gaap_OtherNonoperatingIncomeExpense | 316 us-gaap_OtherNonoperatingIncomeExpense
Earnings before income taxes | 3,713 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 2,727 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 11,349 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 8,680 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes | 1,310 us-gaap_IncomeTaxExpenseBenefit | 981 us-gaap_IncomeTaxExpenseBenefit | 4,005 us-gaap_IncomeTaxExpenseBenefit | 3,142 us-gaap_IncomeTaxExpenseBenefit
Net income | $ 2,403 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 1,746 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 7,344 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 5,538 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net income per share: |  |  |  |
Basic (in Dollars per share) | $ 0.68 us-gaap_EarningsPerShareBasic | $ 0.51 us-gaap_EarningsPerShareBasic | $ 2.09 us-gaap_EarningsPerShareBasic | $ 1.62 us-gaap_EarningsPerShareBasic
Diluted (in Dollars per share) | $ 0.66 us-gaap_EarningsPerShareDiluted | $ 0.48 us-gaap_EarningsPerShareDiluted | $ 2.01 us-gaap_EarningsPerShareDiluted | $ 1.54 us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding: |  |  |  |
Basic (in Shares) | 3,532 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 3,434 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 3,513 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 3,414 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in Shares) | 3,654 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 3,637 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 3,649 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 3,591 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 2 -Article 5 + Details
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