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Corrections to Previously Issued Financial Statements | 9 Months Ended
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Dec. 31, 2014
Corrections to Previously Issued Financial Statements [Abstract] |
Corrections to Previously Issued Financial Statements | Corrections to Previously Issued Financial Statements In connection with the preparation of the financial statements, errors in the computation and disclosure of diluted net income per share were identified for the three and nine months ended December 31, 2013. This resulted from an error in the computation of diluted shares under the “treasury stock method” as a result of not properly considering non-vested awards in the computation of diluted earnings per share. This error affected the weighted average shares outstanding used in the denominator for diluted net income per share. The Company evaluated the materiality of this error and concluded that it was immaterial. While the adjustments were immaterial, the Company elected to revise its previously reported diluted earnings per share as shown in the following table:
|  | Three Months Ended December 31, 2013 |  |  | Nine Months Ended December 31, 2013 |
|  | As Reported |  |  | As Revised |  |  | As Reported |  |  | As Revised |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 1,148,000 |  |  | $ | 1,148,000 |  |  | $ | 3,415,000 |  |  | $ | 3,415,000 |
Income from discontinued operations |  |  | - |  |  |  | - |  |  |  | 100,877,000 |  |  |  | 100,877,000 |
Net income |  | $ | 1,148,000 |  |  | $ | 1,148,000 |  |  | $ | 104,292,000 |  |  | $ | 104,292,000 |
Demonimator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Shares used for basic net income per share |  |  | 14,618,930 |  |  |  | 14,618,930 |  |  |  | 14,513,864 |  |  |  | 14,513,864 |
Effect of potentially dilutive securities |  |  | 643,567 |  |  |  | 810,826 |  |  |  | 306,477 |  |  |  | 431,073 |
Weighted average shares outstanding for diluted net income per share |  |  | 15,262,497 |  |  |  | 15,429,756 |  |  |  | 14,820,341 |  |  |  | 14,944,937 |
Diluted net income per share from continuing operations |  | $ | 0.08 |  |  | $ | 0.07 |  |  | $ | 0.23 |  |  | $ | 0.23 |
Diluted net income per share from discontinued operations |  |  | - |  |  |  | - |  |  |  | 6.81 |  |  |  | 6.75 |
Diluted net income per share |  | $ | 0.08 |  |  | $ | 0.07 |  |  | $ | 7.04 |  |  | $ | 6.98 |
These corrections had no impact on the Company’s consolidated balance sheets, net income, basic net income per share, or the consolidated statements of comprehensive income and consolidated statements of cash flows for any of the above mentioned periods.

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- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 45 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=6368906&loc=d3e21914-107793 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22595-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 1.N.Q3) -URI http://asc.fasb.org/extlink&oid=26874127&loc=d3e30840-122693 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 1 -Section N + Details
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