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Share Repurchase Program
12 Months Ended
Mar. 31, 2017
Share Repurchase Program [Abstract]  
Share Repurchase Program
20. Share Repurchase Program

On June 9, 2016, the Company’s board of directors approved a stock repurchase program of up to $10,000,000 of the Company’s outstanding common stock, at prices deemed appropriate by management. This program replaced the Company’s existing $5,000,000 repurchase program. On March 27, 2017, the Company’s board of directors increased the share repurchase program authorization from $10,000,000 to $15,000,000 of its common stock. As of March 31, 2017, $2,379,000 of the $15,000,000 had been utilized and $12,621,000 remained available to repurchase shares under the authorized share repurchase program. The Company retired the 69,659 shares repurchased under this program during the year ended March 31, 2017. The Company’s share repurchase program does not obligate it to acquire any specific number of shares and shares may be repurchased in privately negotiated and/or open market transactions.