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Stock Repurchases (Tables)
9 Months Ended
Dec. 31, 2015
Stock Repurchases Tables  
Stock Repurchases [Table Text Block]

The stock repurchase activity for the three months ended and as of December 31, 2015, is summarized as follows:

    Shares     Weighted Average     Amount
    Repurchased     Per Share     Repurchased(1)
Balances as of September 30, 2015   1,900,761    $ 7.82    $ 14,858,923 
Purchase of common stock under Repurchase Plan   65,841      8.27      544,622 
Balances as of December 31, 2015   1,966,602    $ 7.83    $ 15,403,545 
                 
(1) Amount excludes commission fees.