CorVel (CRVL) 10-Q 4 Feb 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2015	Jan. 29, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	CRVL
Entity Registrant Name	CORVEL CORP
Entity Central Index Key	874,866
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		19,577,086

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Current Assets
Cash and cash equivalents (Note A)	$ 26,504,000	$ 25,516,000
Customer deposits	23,922,000	17,319,000
Accounts receivable, net	55,877,000	57,537,000
Prepaid taxes and expenses	6,696,000	11,675,000
Deferred income taxes	7,772,000	7,181,000
Total current assets	120,771,000	119,228,000
Property and equipment, net	53,612,000	56,299,000
Goodwill	36,814,000	36,814,000
Other intangibles, net (Note F)	4,396,000	4,736,000
Other assets	2,987,000	1,677,000
TOTAL ASSETS	218,580,000	218,754,000
Current Liabilities
Accounts and taxes payable	11,613,000	15,770,000
Accrued liabilities	62,163,000	58,318,000
Total current liabilities	73,776,000	74,088,000
Deferred income taxes	16,743,000	16,743,000
Total liabilities	$ 90,519,000	$ 90,831,000
Commitments and contingencies (Notes G and H)
Stockholders' Equity
Common stock, $.0001 par value: 120,000,000 shares authorized at March 31, 2015 and December 31, 2015; 53,243,157 shares issued (20,250,669 shares outstanding, net of Treasury shares) and 53,382,849 shares issued (19,607,827 shares outstanding, net of Treasury shares) at March 31, 2015 and December 31, 2015, respectively	$ 3,000	$ 3,000
Paid-in capital	128,497,000	123,440,000
Treasury Stock (32,992,488 shares at March 31, 2015 and 33,775,022 shares at December 31, 2015)	(387,056,000)	(360,278,000)
Retained earnings	386,617,000	364,758,000
Total stockholders' equity	128,061,000	127,923,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 218,580,000	$ 218,754,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Mar. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	53,382,849	53,243,157
Common stock, shares outstanding	19,607,827	20,250,669
Treasury stock, shares	33,775,022	32,992,488

Consolidated Income Statements

Consolidated Income Statements - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
REVENUES	$ 123,891,000	$ 122,352,000	$ 375,290,000	$ 370,430,000
Cost of revenues	98,659,000	98,224,000	297,191,000	293,135,000
Gross profit	25,232,000	24,128,000	78,099,000	77,295,000
General and administrative expenses	14,501,000	13,834,000	42,672,000	40,789,000
Income before income tax provision	10,731,000	10,294,000	35,427,000	36,506,000
Income tax provision	4,040,000	3,462,000	13,568,000	13,492,000
NET INCOME	$ 6,691,000	$ 6,832,000	$ 21,859,000	$ 23,014,000
Net income per common and common equivalent share
Basic	$ 0.34	$ 0.33	$ 1.10	$ 1.11
Diluted	$ 0.34	$ 0.33	$ 1.09	$ 1.10
Weighted average common and common equivalent shares
Basic	19,673,000	20,599,000	19,908,000	20,784,000
Diluted	19,852,000	20,786,000	20,083,000	21,015,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from Operating Activities
Net Income	$ 21,859,000	$ 23,014,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,908,000	13,262,000
Loss (gain) on disposal of assets	21,000	223,000
Stock compensation expense	1,602,000	1,594,000
Write-off of uncollectible accounts	1,096,000	1,438,000
Deferred income tax	(591,000)	(614,000)
Changes in operating assets and liabilities
Accounts receivable	564,000	(436,000)
Customer deposits	(6,603,000)	1,107,000
Prepaid taxes and expenses	4,979,000	310,000
Other assets	(711,000)	220,000
Accounts and taxes payable	(4,157,000)	(5,292,000)
Accrued liabilities	3,845,000	(1,716,000)
Net cash provided by operating activities	36,812,000	33,110,000
Cash Flows from Investing Activities
Investment in private equity	(600,000)	(1,400,000)
Purchase of property and equipment	(11,901,000)	(14,806,000)
Net cash (used in) investing activities	(12,501,000)	(16,206,000)
Cash Flows from Financing Activities
Purchase of treasury stock	(26,778,000)	(22,653,000)
Tax effect of stock option exercises	733,000	682,000
Exercise of common stock options	2,541,000	1,030,000
Exercise of employee stock purchase options	181,000	200,000
Net cash (used in) financing activities	(23,323,000)	(20,741,000)
(Decrease)/increase in cash and cash equivalents	988,000	(3,837,000)
Cash and cash equivalents at beginning of period	25,516,000	34,866,000
Cash and cash equivalents at end of period	26,504,000	31,029,000
Supplemental Cash Flow Information:
Income taxes paid	$ 17,188,000	$ 16,022,000

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Note A — Basis of Presentation and Summary of Significant Accounting Policies The unaudited financial statements herein have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). The accompanying interim financial statements have been prepared under the presumption that users of the interim financial information have either read or have access to the audited financial statements for the latest fiscal year ended March 31, 2015. Accordingly, note disclosures which would substantially duplicate the disclosures contained in the March 31, 2015 audited financial statements have been omitted from these interim financial statements. The Company evaluated all subsequent events or transactions through the date of filing this report. Subsequent to the end of the quarter ended December 31, 2015, through January 29, 2016, the Company repurchased 42,629 shares of common stock for $1,852,000 at an average of $43.44 per share of common stock. These shares of common stock were repurchased under the Company’s ongoing share repurchase program described in Note C. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and nine months ended December 31, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2016. For further information, refer to the consolidated financial statements and notes for the fiscal year ended March 31, 2015 included in the Company’s Annual Report on Form 10-K filed with the SEC on June 11, 2015. Basis of Presentation: Use of Estimates: Cash and Cash Equivalents: Fair Value of Financial Instruments: Level 1- Quoted market prices in active markets for identical assets or liabilities; Level 2- Observable inputs other than those included in Level 1 (for example, quoted prices for similar assets in active markets or quoted prices for identical assets in inactive markets); and Level 3- Unobservable inputs reflecting management’s own assumptions about the inputs used in estimating the value of the asset. The carrying amount of the Company’s financial instruments (i.e. cash, accounts receivable, accounts payable, etc.) are all Level 1 and approximate their fair values at March 31, 2015 and December 31, 2015. The Company has no Level 2 or Level 3 financial instruments. Investment in Private Equity: Goodwill: Revenue Recognition: Management evaluates agreements with customers in accordance with the provision of the revenue recognition topic ASC 605-25 that addresses multiple-deliverable revenue arrangements. The multiple-deliverable arrangements entered into consist of bundled managed care which includes various units of accounting such as network solutions, and patient management which includes claims administration. Such elements are considered separate units of accounting due to each element having value to the customer on a stand-alone basis. The selling price for each unit of accounting is determined using contract price and management estimates. When the Company’s customers purchase several products, the pricing of the products sold is generally the same as if the products were sold on an individual basis. Revenue is recognized as the work is performed in accordance with the Company’s customer contracts. Based upon the nature of the Company’s products, bundled managed care elements are generally delivered in the same accounting period. The Company recognizes revenue for patient management claims administration services over the life of the customer contract. The Company estimates, based upon prior experience in managing claims, the deferral amount from when the claim is received to when the customer contract expires. Recent Accounting Pronouncements: In November 2015, the FASB issued ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes,” which requires all deferred tax assets and liabilities to be classified as noncurrent on the balance sheet. The new accounting guidance is effective for annual reporting periods beginning after December 15, 2016 and interim periods therein. Early adoption is permitted as of the beginning of interim or annual reporting periods. The Company plans to adopt the standard prospectively in the fourth quarter of fiscal 2016. In January 2016, the FASB issued ASU 2016-01 regarding Subtopic 825-10, Financials Instruments – Overall: Recognition and Measurements of Financial Assets and Financial Liabilities. The standard addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. It requires that most equity investment be measured at fair value, with subsequent changes in fair value recognized in net income. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. We are currently evaluating the accounting, transition, and disclosure requirements of the standard and cannot currently estimate the financial statement impact of adoption. Accounts Receivable: Property and Equipment: Long-Lived Assets: Income Taxes: Earnings Per Share:

Stock-Based Compensation and St

Stock-Based Compensation and Stock Options	9 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation and Stock Options	Note B — Stock-Based Compensation and Stock Options Under the Company’s Restated Omnibus Incentive Plan (formerly the Restated 1988 Executive Stock Option Plan) (“the Plan”) as in effect at December 31, 2015, options exercisable for up to 19,365,000 shares of the Company’s common stock may be granted over the life of the Plan to key employees, non-employee directors and consultants at exercise prices not less than the fair market value of the stock at the date of grant. Options granted under the Plan are non-statutory stock options and generally vest 25% one year from date of grant and the remaining 75% vesting ratably each month for the next 36 months. The options granted to employees and the board of directors expire at the end of five years and ten years from date of grant, respectively. The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes option-pricing model with the assumptions included in the table below. The Company uses historical data among other factors to estimate the expected volatility, the expected option life, and the expected forfeiture rate. The risk-free rate is based on the interest rate paid on a U.S. Treasury issue with a term similar to the estimated life of the option. Based upon the historical experience of options cancellations, the Company has estimated an annualized forfeiture rate of 12.12% and 12.02% for the three months ended December 31, 2014 and 2015, respectively. Forfeiture rates will be adjusted over the requisite service period when actual forfeitures differ, or are expected to differ, from the estimate. The following assumptions were used to estimate the fair value of options granted during the three months ended December 31, 2014 and 2015 using the Black-Scholes option-pricing Three Months Ended December 31, 2014 2015 Risk-free interest rate 1.64 % 1.65 % Expected volatility 46 % 43 % Expected dividend yield 0.00 % 0.00 % Expected forfeiture rate 12.12 % 12.02 % Expected weighted average life of option in years 4.4 years 4.5 years All options granted in the nine months ended December 31, 2014 and 2015 were granted with an exercise price equal to the fair value of the Company’s common stock on the grant date and are non-statutory stock options. For the three months ended December 31, 2014 and 2015, the Company recorded share-based compensation expense of $432,000 and $498,000, respectively. For the nine months ended December 31, 2014 and 2015, the Company recorded share-based compensation expense of $1,594,000 and $1,602,000, respectively. The table below shows the amounts recognized in the consolidated financial statements for stock compensation expense for time-based options and performance-based options during the three and nine months ended December 31, 2014 and 2015, respectively. Three Months Ended December 31, 2014 December 31, 2015 Cost of revenues $ 239,000 $ 321,000 General and administrative 193,000 177,000 Total cost of stock-based compensation included in income before income tax provision 432,000 498,000 Amount of income tax benefit recognized (164,000 ) (188,000 ) Amount charged against net income $ 268,000 $ 310,000 Effect on diluted net income per share $ (0.01 ) $ (0.02 ) Nine Months Ended December 31, 2014 December 31, 2015 Cost of revenues $ 733,000 $ 954,000 General and administrative 861,000 648,000 Total cost of stock-based compensation included in income before income tax provision 1,594,000 1,602,000 Amount of income tax benefit recognized (606,000 ) (603,000 ) Amount charged against net income $ 988,000 $ 999,000 Effect on diluted net income per share $ (0.05 ) $ (0.05 ) Summarized information for all stock options for the three and nine months ended December 31, 2014 and 2015 follows: Three Months Ended December 31, 2014 Three Months Ended December 31, 2015 Shares Average Price Shares Average Price Options outstanding, beginning 1,136,073 $ 26.42 1,135,586 $ 28.81 Options granted 122,825 34.78 155,275 34.78 Options exercised (21,734 ) 15.27 (44,077 ) 23.75 Options cancelled — — (15,986 ) 34.64 Options outstanding, ending 1,237,164 $ 27.45 1,230,798 $ 29.67 Nine Months Ended December 31, 2014 Nine Months Ended December 31, 2015 Shares Average Price Shares Average Price Options outstanding, beginning 1,115,984 $ 24.80 1,163,179 $ 27.65 Options granted 208,875 37.93 242,275 34.44 Options exercised (78,684 ) 17.54 (139,718 ) 19.64 Options cancelled (9,011 ) 25.86 (34,938 ) 35.63 Options outstanding, ending 1,237,164 $ 27.45 1,230,798 $ 29.67 The following table summarizes the status of stock options outstanding and exercisable at December 31, 2015: Range of Exercise Price Number of Weighted Outstanding Exercisable Exercisable $9.05 to $23.10 428,389 2.83 $ 19.51 344,963 $ 18.71 $23.11 to $34.78 541,108 3.69 $ 31.99 139,757 $ 27.10 $34.79 to $44.86 205,191 3.64 $ 40.41 44,084 $ 41.80 $44.87 to $45.55 56,110 3.08 $ 45.55 25,914 $ 45.55 Total 1,230,798 3.35 $ 29.67 554,718 $ 23.91 A summary of the status for all outstanding options at December 31, 2015, and changes during the three months then ended, is presented in the table below: Number of Options Weighted Average Weighted Average Aggregate Options outstanding at October 1, 2015 1,135,586 $ 28.81 Granted 155,275 34.78 Exercised (44,077 ) 23.75 Cancelled – forfeited (5,998 ) 37.72 Cancelled – expired (9,988 ) 30.76 Ending outstanding 1,230,798 $ 29.67 3.35 $ 17,666,874 Ending vested and expected to vest 1,074,272 $ 28.83 3.21 $ 16,332,953 Ending exercisable at December 31, 2015 554,718 $ 23.91 2.67 $ 11,155,130 The weighted-average grant-date fair value of options granted during the three months ended December 31, 2014 and 2015, was $14.22 and $13.68, respectively. Included in the above-noted stock option grants and stock compensation expense are performance-based stock options under which vesting occurs only upon the Company achieving certain revenue or earnings per shares targets on a calendar year basis as determined by the Company’s Board of Directors. These options were valued in the same manner as the time-vesting options. However, the Company only recognizes stock compensation to the extent that the targets are determined to be achieved which allow the performance options to vest. The Company recognized ($30,000) and ($35,000) of stock compensation expense for the three months ended December 31, 2014 and 2015, respectively, for performance-based stock options. The Company recognized $113,000 and ($20,000) of stock compensation expense for the nine months ended December 31, 2014 and 2015, respectively, for performance-based stock options.

Treasury Stock and Subsequent E

Treasury Stock and Subsequent Event	9 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Treasury Stock and Subsequent Event	Note C — Treasury Stock and Subsequent Event The Company’s Board of Directors initially approved the commencement of a share repurchase program in the fall of 1996. In November 2015, the Company’s Board of Directors approved a 1,000,000 share expansion to its existing stock repurchase plan, increasing the total number of shares of the Company’s common stock approved for repurchase over the life of the program to 35,000,000 shares of the Company’s common stock from the previous limit of 34,000,000 shares of the Company’s common stock. Since the commencement of the share repurchase program, the Company has spent $387 million to repurchase 33,775,022 shares of its common stock, equal to 63% of the outstanding common stock had there been no repurchases. The average price of these repurchases was $11.46 per share. These repurchases were funded primarily from the net earnings of the Company, along with the proceeds from the exercise of common stock options. During the three and nine months ended December 31, 2015, the Company repurchased 222,832 shares of the Company’s common stock for $8.0 million at an average of $35.91 per share of common stock and 782,534 shares of the Company’s common stock for $26.8 million at an average of $34.22 per share of common stock, respectively. The Company had 19,607,827 shares of common stock outstanding as of December 31, 2015, net of the 33,775,022 shares in treasury. Subsequent to the end of the quarter, through January 29, 2016, the Company repurchased 42,629 shares of common stock for $1,852,000 at an average of $43.44 per share of common stock.

Weighted Average Shares and Net

Weighted Average Shares and Net Income Per Share	9 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Weighted Average Shares and Net Income Per Share	Note D — Weighted Average Shares and Net Income Per Share Weighted average basic common shares decreased from 20,599,000 for the quarter ended December 31, 2014 to 19,673,000 for the quarter ended December 31, 2015. Weighted average diluted common and common equivalent shares decreased from 20,786,000 for the quarter ended December 31, 2014 to 19,852,000 for the quarter ended December 31, 2015. The net decrease in both of these weighted share calculations is due to the repurchase of common stock as noted above, offset by an increase in shares outstanding due to the exercise of stock options under the Company’s employee stock option plan. Net income per common and common equivalent shares was computed by dividing net income by the weighted average number of common and common stock equivalents outstanding during the quarter. The calculations of the basic and diluted weighted shares for the three and nine months ended December 31, 2014 and 2015, are as follows: Three Months Ended December 31, 2014 2015 Net Income $ 6,832,000 $ 6,691,000 Basic: Weighted average common shares outstanding 20,599,000 19,673,000 Net Income per share $ 0.33 $ 0.34 Diluted: Weighted average common shares outstanding 20,599,000 19,673,000 Treasury stock impact of stock options 187,000 179,000 Total common and common equivalent shares 20,786,000 19,852,000 Net Income per share $ 0.33 $ 0.34 Nine Months Ended December 31, 2014 2015 Net Income $ 23,014,000 $ 21,859,000 Basic: Weighted average common shares outstanding 20,784,000 19,908,000 Net Income per share $ 1.11 $ 1.10 Diluted: Weighted average common shares outstanding 20,784,000 19,908,000 Treasury stock impact of stock options 231,000 175,000 Total common and common equivalent shares 21,015,000 20,083,000 Net Income per share $ 1.10 $ 1.09

Shareholder Rights Plan

Shareholder Rights Plan	9 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Shareholder Rights Plan	Note E — Shareholder Rights Plan During fiscal year 1997, the Company’s Board of Directors approved the adoption of a Shareholder Rights Plan. The Shareholder Rights Plan provides for a dividend distribution to CorVel stockholders of one preferred stock purchase right for each outstanding share of CorVel’s common stock under certain circumstances. In November 2008, the Company’s Board of Directors approved an amendment to the Shareholder Rights Plan to extend the expiration date of the rights to February 10, 2022. The rights are designed to assure that all shareholders receive fair and equal treatment in the event of any proposed takeover of the Company and to encourage a potential acquirer to negotiate with the Company’s Board of Directors prior to attempting a takeover. The rights have an exercise price of $118 per right, subject to subsequent adjustment. The rights trade with the Company’s common stock and will not be exercisable until the occurrence of certain takeover-related events. Generally, the Shareholder Rights Plan provides that if a person or group acquires 15% or more of the Company’s common stock without the approval of the Board, subject to certain exceptions, the holders of the rights, other than the acquiring person or group, would, under certain circumstances, have the right to purchase additional shares of the Company’s common stock having a market value equal to two times the then-current exercise price of the right. In addition, if the Company is thereafter merged into another entity, or if 50% or more of the Company’s consolidated assets or earning power are sold, then the right will entitle its holder to buy common shares of the acquiring entity having a market value equal to two times the then-current exercise price of the right. The Company’s Board of Directors may exchange or redeem the rights under certain conditions.

Other Intangible Assets

Other Intangible Assets	9 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Note F — Other Intangible Assets Other intangible assets consist of the following at December 31, 2015: Item Life Cost Nine Months Ended Accumulated Cost, Net of Covenants Not to Compete 5 Years $ 775,000 $ 13,000 $ 775,000 $ — Customer Relationships 18-20 Years 7,922,000 317,000 3,616,000 4,306,000 TPA Licenses 15 Years 204,000 10,000 114,000 90,000 Total $ 8,901,000 $ 340,000 $ 4,505,000 $ 4,396,000

Line of Credit

Line of Credit	9 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Line of Credit	Note G — Line of Credit In September 2015, the Company renewed a line of credit agreement. The line is with a financial institution to provide a revolving credit facility with borrowing capacity of up to $10 million. Borrowings under this agreement, as amended, bear interest, at the Company’s option, at a fixed LIBOR-based rate plus 1.50% or at a fluctuating rate determined by the financial institution to be 1.50% above the daily one-month LIBOR rate. The loan covenants require the Company to maintain the current assets to liabilities ratio of at least 1.25:1, debt to tangible net worth not greater than 1.25:1 and have positive net income. There were no outstanding revolving loans as of December 31, 2015, but letters of credit in the aggregate amount of $4.5 million have been issued separate from the line of credit and therefore do not reduce the amount of borrowings available under the revolving credit facility. The renewed credit agreement expires in September 2016.

Contingencies and Legal Proceed

Contingencies and Legal Proceedings	9 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Legal Proceedings	Note H — Contingencies and Legal Proceedings The Company is involved in litigation arising in the normal course of business. Management believes that resolution of these matters will not result in any payment that, individually or in the aggregate, would be material to the financial position or results of the operations of the Company.

Basis of Presentation and Sum14

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation:
Use of Estimates	Use of Estimates:
Cash and Cash Equivalents	Cash and Cash Equivalents:
Fair Value of Financial Instruments	Fair Value of Financial Instruments: Level 1- Quoted market prices in active markets for identical assets or liabilities; Level 2- Observable inputs other than those included in Level 1 (for example, quoted prices for similar assets in active markets or quoted prices for identical assets in inactive markets); and Level 3- Unobservable inputs reflecting management’s own assumptions about the inputs used in estimating the value of the asset. The carrying amount of the Company’s financial instruments (i.e. cash, accounts receivable, accounts payable, etc.) are all Level 1 and approximate their fair values at March 31, 2015 and December 31, 2015. The Company has no Level 2 or Level 3 financial instruments.
Investment in Private Equity	Investment in Private Equity:
Goodwill	Goodwill: ASC 805-50, “Business ASC 350-10 through
Revenue Recognition	Revenue Recognition: Management evaluates agreements with customers in accordance with the provision of the revenue recognition topic ASC 605-25 that
Recent Accounting Pronouncements	Recent Accounting Pronouncements: In November 2015, the FASB issued ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes,” which requires all deferred tax assets and liabilities to be classified as noncurrent on the balance sheet. The new accounting guidance is effective for annual reporting periods beginning after December 15, 2016 and interim periods therein. Early adoption is permitted as of the beginning of interim or annual reporting periods. The Company plans to adopt the standard prospectively in the fourth quarter of fiscal 2016. In January 2016, the FASB issued ASU 2016-01 regarding Subtopic 825-10, Financials Instruments – Overall: Recognition and Measurements of Financial Assets and Financial Liabilities. The standard addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. It requires that most equity investment be measured at fair value, with subsequent changes in fair value recognized in net income. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. We are currently evaluating the accounting, transition, and disclosure requirements of the standard and cannot currently estimate the financial statement impact of adoption.
Accounts Receivable	Accounts Receivable:
Property and Equipment	Property and Equipment:
Long-Lived Assets	Long-Lived Assets:
Income Taxes	Income Taxes:
Earnings Per Share	Earnings Per Share:

Stock-Based Compensation and 15

Stock-Based Compensation and Stock Options (Tables)	9 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Fair Value of Options Granted	The following assumptions were used to estimate the fair value of options granted during the three months ended December 31, 2014 and 2015 using the Black-Scholes option-pricing model: Three Months Ended December 31, 2014 2015 Risk-free interest rate 1.64 % 1.65 % Expected volatility 46 % 43 % Expected dividend yield 0.00 % 0.00 % Expected forfeiture rate 12.12 % 12.02 % Expected weighted average life of option in years 4.4 years 4.5 years
Stock Compensation Expense for Time Based Options and Performance Based Options	The table below shows the amounts recognized in the consolidated financial statements for stock compensation expense for time-based options and performance-based options during the three and nine months ended December 31, 2014 and 2015, respectively. Three Months Ended December 31, 2014 December 31, 2015 Cost of revenues $ 239,000 $ 321,000 General and administrative 193,000 177,000 Total cost of stock-based compensation included in income before income tax provision 432,000 498,000 Amount of income tax benefit recognized (164,000 ) (188,000 ) Amount charged against net income $ 268,000 $ 310,000 Effect on diluted net income per share $ (0.01 ) $ (0.02 ) Nine Months Ended December 31, 2014 December 31, 2015 Cost of revenues $ 733,000 $ 954,000 General and administrative 861,000 648,000 Total cost of stock-based compensation included in income before income tax provision 1,594,000 1,602,000 Amount of income tax benefit recognized (606,000 ) (603,000 ) Amount charged against net income $ 988,000 $ 999,000 Effect on diluted net income per share $ (0.05 ) $ (0.05 )
Stock Options	Summarized information for all stock options for the three and nine months ended December 31, 2014 and 2015 follows: Three Months Ended December 31, 2014 Three Months Ended December 31, 2015 Shares Average Price Shares Average Price Options outstanding, beginning 1,136,073 $ 26.42 1,135,586 $ 28.81 Options granted 122,825 34.78 155,275 34.78 Options exercised (21,734 ) 15.27 (44,077 ) 23.75 Options cancelled — — (15,986 ) 34.64 Options outstanding, ending 1,237,164 $ 27.45 1,230,798 $ 29.67 Nine Months Ended December 31, 2014 Nine Months Ended December 31, 2015 Shares Average Price Shares Average Price Options outstanding, beginning 1,115,984 $ 24.80 1,163,179 $ 27.65 Options granted 208,875 37.93 242,275 34.44 Options exercised (78,684 ) 17.54 (139,718 ) 19.64 Options cancelled (9,011 ) 25.86 (34,938 ) 35.63 Options outstanding, ending 1,237,164 $ 27.45 1,230,798 $ 29.67
Stock Options Outstanding and Exercisable	The following table summarizes the status of stock options outstanding and exercisable at December 31, 2015: Range of Exercise Price Number of Weighted Outstanding Exercisable Exercisable $9.05 to $23.10 428,389 2.83 $ 19.51 344,963 $ 18.71 $23.11 to $34.78 541,108 3.69 $ 31.99 139,757 $ 27.10 $34.79 to $44.86 205,191 3.64 $ 40.41 44,084 $ 41.80 $44.87 to $45.55 56,110 3.08 $ 45.55 25,914 $ 45.55 Total 1,230,798 3.35 $ 29.67 554,718 $ 23.91
Outstanding Options	A summary of the status for all outstanding options at December 31, 2015, and changes during the three months then ended, is presented in the table below: Number of Options Weighted Average Weighted Average Remaining Aggregate Intrinsic Options outstanding at October 1, 2015 1,135,586 $ 28.81 Granted 155,275 34.78 Exercised (44,077 ) 23.75 Cancelled – forfeited (5,998 ) 37.72 Cancelled – expired (9,988 ) 30.76 Ending outstanding 1,230,798 $ 29.67 3.35 $ 17,666,874 Ending vested and expected to vest 1,074,272 $ 28.83 3.21 $ 16,332,953 Ending exercisable at December 31, 2015 554,718 $ 23.91 2.67 $ 11,155,130

Weighted Average Shares and N16

Weighted Average Shares and Net Income Per Share (Tables)	9 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Calculations of Basic and Diluted Weighted Shares	The calculations of the basic and diluted weighted shares for the three and nine months ended December 31, 2014 and 2015, are as follows: Three Months Ended December 31, 2014 2015 Net Income $ 6,832,000 $ 6,691,000 Basic: Weighted average common shares outstanding 20,599,000 19,673,000 Net Income per share $ 0.33 $ 0.34 Diluted: Weighted average common shares outstanding 20,599,000 19,673,000 Treasury stock impact of stock options 187,000 179,000 Total common and common equivalent shares 20,786,000 19,852,000 Net Income per share $ 0.33 $ 0.34 Nine Months Ended December 31, 2014 2015 Net Income $ 23,014,000 $ 21,859,000 Basic: Weighted average common shares outstanding 20,784,000 19,908,000 Net Income per share $ 1.11 $ 1.10 Diluted: Weighted average common shares outstanding 20,784,000 19,908,000 Treasury stock impact of stock options 231,000 175,000 Total common and common equivalent shares 21,015,000 20,083,000 Net Income per share $ 1.10 $ 1.09

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	9 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Other intangible assets consist of the following at December 31, 2015: Item Life Cost Nine Months Ended Accumulated Cost, Net of Covenants Not to Compete 5 Years $ 775,000 $ 13,000 $ 775,000 $ — Customer Relationships 18-20 Years 7,922,000 317,000 3,616,000 4,306,000 TPA Licenses 15 Years 204,000 10,000 114,000 90,000 Total $ 8,901,000 $ 340,000 $ 4,505,000 $ 4,396,000

Basis of Presentation and Sum18

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail)	1 Months Ended	3 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Jan. 29, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)Customer	Dec. 31, 2014Customer	Dec. 31, 2015USD ($)Customer$ / sharesshares	Dec. 31, 2014USD ($)	Mar. 31, 2015USD ($)Customer	Jun. 30, 2014USD ($)
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of shares of common stock repurchased | shares		222,832				782,534
Treasury Stock, Value, Acquired, Cost Method		$ 8,000,000				$ 26,800,000
Average price per share of common stock | $ / shares		$ 35.91				$ 34.22
Maturities of short term investment interest-bearing securities						90 days
Investment in private equity						$ 600,000	$ 1,400,000
Accounts receivable due period						30 days
Private Equity Funds [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Investments approved by board of directors									$ 2,000,000
Investment in private equity			$ 600,000					$ 1,400,000
Impairment on investment						$ 0		$ 0
Minimum [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life of property and equipment						1 year
Maximum [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life of property and equipment						7 years
Customer Concentration Risk [Member] | Sales Revenue, Net [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Maximum customer risk percentage				10.00%	10.00%
Number of customer | Customer				0	0
Credit Concentration Risk [Member] | Accounts Receivable [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Maximum customer risk percentage						10.00%		10.00%
Number of customer | Customer						0		0
Fair Value, Inputs, Level 2 [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Transfer of assets		$ 0		$ 0		$ 0
Fair Value, Inputs, Level 3 [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Transfer of assets		$ 0		$ 0		$ 0
Computer Software Property and Equipment [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life of property and equipment						5 years
Subsequent Event [Member]
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of shares of common stock repurchased | shares	42,629
Treasury Stock, Value, Acquired, Cost Method	$ 1,852,000
Average price per share of common stock | $ / shares	$ 43.44

Stock Based Compensation and St

Stock Based Compensation and Stock Options - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-statutory stock options expiration period			5 years
Options expected forfeiture rate, percentage	12.02%	12.12%
Weighted-average grant-date fair value of options granted	$ 13.68	$ 14.22
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-statutory stock options expiration period			10 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-statutory stock options vesting period			1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock grants	19,365,000		19,365,000
Non-statutory stock options vesting period			36 months
Time Based Options and Performance Based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 498,000	$ 432,000	$ 1,602,000	$ 1,594,000
Performance Based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized stock compensation expense (benefit)	$ (35,000)	$ (30,000)	$ (20,000)	$ 113,000
Vest One Year from Date of Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Percentage			25.00%
Vest Ratably Each Month Over 36 Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Percentage			75.00%

Stock Based Compensation and 20

Stock Based Compensation and Stock Options - Fair Value of Options Granted (Detail)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate	1.65%	1.64%
Expected volatility	43.00%	46.00%
Expected dividend yield	0.00%	0.00%
Expected forfeiture rate	12.02%	12.12%
Expected weighted average life of option in years	4 years 6 months	4 years 4 months 24 days

Stock Based Compensation and 21

Stock Based Compensation and Stock Options - Stock Compensation Expense for Time Based Options and Performance Based Options (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Effect on diluted net income per share	$ 0.34	$ 0.33	$ 1.09	$ 1.10
Time Based Options and Performance Based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total cost of stock-based compensation included in income before income tax provision	$ 498,000	$ 432,000	$ 1,602,000	$ 1,594,000
Amount of income tax benefit recognized	(188,000)	(164,000)	(603,000)	(606,000)
Amount charged against net income	$ 310,000	$ 268,000	$ 999,000	$ 988,000
Effect on diluted net income per share	$ (0.02)	$ (0.01)	$ (0.05)	$ (0.05)
Time Based Options and Performance Based Options [Member] | Cost of revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total cost of stock-based compensation included in income before income tax provision	$ 321,000	$ 239,000	$ 954,000	$ 733,000
Time Based Options and Performance Based Options [Member] | General and administrative expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total cost of stock-based compensation included in income before income tax provision	$ 177,000	$ 193,000	$ 648,000	$ 861,000

Stock Based Compensation and 22

Stock Based Compensation and Stock Options - Stock Options (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options outstanding, beginning balance	1,135,586	1,136,073	1,163,179	1,115,984
Options granted, Shares	155,275	122,825	242,275	208,875
Options exercised, Shares	(44,077)	(21,734)	(139,718)	(78,684)
Options cancelled, Shares	(15,986)	0	(34,938)	(9,011)
Options outstanding, ending balance	1,230,798	1,237,164	1,230,798	1,237,164
Options outstanding, beginning Average Price	$ 28.81	$ 26.42	$ 27.65	$ 24.80
Options granted, Average Price	34.78	34.78	34.44	37.93
Options exercised, Average Price	23.75	15.27	19.64	17.54
Options cancelled, Average Price	34.64	0	35.63	25.86
Option outstanding, Weighted Average Exercise per Share, ending balance	$ 29.67	$ 27.45	$ 29.67	$ 27.45

Stock Based Compensation and 23

Stock Based Compensation and Stock Options - Stock Options Outstanding and Exercisable (Detail) - $ / shares	9 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Mar. 31, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Outstanding Options	1,230,798	1,135,586	1,163,179	1,237,164	1,136,073	1,115,984
Weighted Average Remaining Contractual Life	3 years 4 months 6 days
Outstanding Options - Weighted Average Exercise Price	$ 29.67	$ 28.81	$ 27.65	$ 27.45	$ 26.42	$ 24.80
Exercisable Options - Number of Exercisable Options	554,718
Exercisable Options - Weighted Average Exercise Price	$ 23.91
Range of Exercise Price, $9.05 to $23.10 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, lower limit	9.05
Range of Exercise Price, upper limit	$ 23.10
Number of Outstanding Options	428,389
Weighted Average Remaining Contractual Life	2 years 9 months 29 days
Outstanding Options - Weighted Average Exercise Price	$ 19.51
Exercisable Options - Number of Exercisable Options	344,963
Exercisable Options - Weighted Average Exercise Price	$ 18.71
Range of Exercise Price, $23.11 to $34.78 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, lower limit	23.11
Range of Exercise Price, upper limit	$ 34.78
Number of Outstanding Options	541,108
Weighted Average Remaining Contractual Life	3 years 8 months 9 days
Outstanding Options - Weighted Average Exercise Price	$ 31.99
Exercisable Options - Number of Exercisable Options	139,757
Exercisable Options - Weighted Average Exercise Price	$ 27.10
Range of Exercise Price, $34.79 to $44.86 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, lower limit	34.79
Range of Exercise Price, upper limit	$ 44.86
Number of Outstanding Options	205,191
Weighted Average Remaining Contractual Life	3 years 7 months 21 days
Outstanding Options - Weighted Average Exercise Price	$ 40.41
Exercisable Options - Number of Exercisable Options	44,084
Exercisable Options - Weighted Average Exercise Price	$ 41.80
Range of Exercise Price, $44.87 to $45.55 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, lower limit	44.87
Range of Exercise Price, upper limit	$ 45.55
Number of Outstanding Options	56,110
Weighted Average Remaining Contractual Life	3 years 29 days
Outstanding Options - Weighted Average Exercise Price	$ 45.55
Exercisable Options - Number of Exercisable Options	25,914
Exercisable Options - Weighted Average Exercise Price	$ 45.55

Stock Based Compensation and 24

Stock Based Compensation and Stock Options - Outstanding Options (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options outstanding, beginning balance	1,135,586	1,136,073	1,163,179	1,115,984
Granted, Number of Options	155,275	122,825	242,275	208,875
Exercised, Number of Options	(44,077)	(21,734)	(139,718)	(78,684)
Cancelled - forfeited, Number of Options	(5,998)
Cancelled - expired, Number of Options	(9,988)
Options outstanding, ending balance	1,230,798	1,237,164	1,230,798	1,237,164
Options vested and expected to vest, Number of Options	1,074,272		1,074,272
Ending exercisable, Number of Options	554,718		554,718
Options outstanding, beginning Average Price	$ 28.81	$ 26.42	$ 27.65	$ 24.80
Granted, Weighted Average Exercise Price per Share	34.78	34.78	34.44	37.93
Exercised, Weighted Average Exercise Price per Share	23.75	15.27	19.64	17.54
Cancelled - forfeited, Weighted Average Exercise Price per Share	37.72
Cancelled - expired, Weighted Average Exercise Price per Share	30.76
Option outstanding, Weighted Average Exercise per Share, ending balance	29.67	$ 27.45	29.67	$ 27.45
Options vested and expected to vest, Weighted Average Exercise Price per Share	28.83		28.83
Ending exercisable, Weighted Average Exercise Price per Share	$ 23.91		$ 23.91
Option outstanding, Weighted Average Remaining Contractual Life (Years)	3 years 4 months 6 days
Options vested and expected to vest, Weighted Average Remaining Contractual Life (Years)	3 years 2 months 16 days
Ending exercisable, Weighted Average Remaining Contractual Life (Years)	2 years 8 months 1 day
Option outstanding, Aggregate Intrinsic Value	$ 17,666,874		$ 17,666,874
Options vested and expected to vest, Aggregate Intrinsic Value	16,332,953		16,332,953
Ending exercisable, Aggregate Intrinsic Value	$ 11,155,130		$ 11,155,130

Treasury Stock and Subsequent25

Treasury Stock and Subsequent Event - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Jan. 29, 2016	Dec. 31, 2015	Dec. 31, 2015	Nov. 30, 2015	Oct. 31, 2015	Mar. 31, 2015
Class of Stock [Line Items]
Number of shares of common stock authorized to repurchase		35,000,000	35,000,000	1,000,000	34,000,000
Treasury stock, value		$ 387,056,000	$ 387,056,000			$ 360,278,000
Treasury stock, shares		33,775,022	33,775,022			32,992,488
Average price per share of common stock		$ 35.91	$ 34.22
Common stock, shares outstanding		19,607,827	19,607,827			20,250,669
Number of shares of common stock repurchased		222,832	782,534
Treasury Stock, Value, Acquired, Cost Method		$ 8,000,000	$ 26,800,000
Nineteen Ninety Six Share Repurchase Program [Member]
Class of Stock [Line Items]
Common stock equals to percentage of outstanding common stock			63.00%
Average price per share of common stock			$ 11.46
Subsequent Event [Member]
Class of Stock [Line Items]
Average price per share of common stock	$ 43.44
Number of shares of common stock repurchased	42,629
Treasury Stock, Value, Acquired, Cost Method	$ 1,852,000

Weighted Average Shares and N26

Weighted Average Shares and Net Income Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share [Abstract]
Weighted average common shares outstanding, Basic	19,673,000	20,599,000	19,908,000	20,784,000
Weighted average diluted common and common equivalent shares	19,852,000	20,786,000	20,083,000	21,015,000

Weighted Average Shares and N27

Weighted Average Shares and Net Income Per Share - Calculations of Basic and Diluted Weighted Shares (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share [Abstract]
Net Income	$ 6,691,000	$ 6,832,000	$ 21,859,000	$ 23,014,000
Basic:
Weighted average common shares outstanding	19,673,000	20,599,000	19,908,000	20,784,000
Net Income per share, Basic	$ 0.34	$ 0.33	$ 1.10	$ 1.11
Diluted:
Weighted average common shares outstanding	19,673,000	20,599,000	19,908,000	20,784,000
Treasury stock impact of stock options	179,000	187,000	175,000	231,000
Total common and common equivalent shares	19,852,000	20,786,000	20,083,000	21,015,000
Net Income per share, Diluted	$ 0.34	$ 0.33	$ 1.09	$ 1.10

Shareholder Rights Plan - Addit

Shareholder Rights Plan - Additional Information (Detail)	9 Months Ended
	Dec. 31, 2015$ / shares
Equity [Abstract]
Shareholder rights expiration date	Feb. 10, 2022
Shareholder rights exercise price	$ 118
Shareholder Rights Plan, description of acquired entity	Shareholder Rights Plan provides that if a person or group acquires 15% or more of the Company's common stock
Shareholder Rights Plan, percentage of acquired entity	15.00%
Shareholder Rights Plan, description of merged entity	Company is thereafter merged into another entity, or if 50% or more of the Company's consolidated assets or earning power are sold, then the right will entitle its holder to buy common shares of the acquiring entity having a market value equal to two times the then-current exercise price of the right.
Shareholder Rights Plan, percentage of merged entity	50.00%

Other Intangible Assets - Other

Other Intangible Assets - Other Intangible Assets (Detail)	9 Months Ended
	Dec. 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
Cost	$ 8,901,000
Amortization Expense	340,000
Accumulated Amortization	4,505,000
Cost, Net of Accumulated Amortization	$ 4,396,000
Covenants Not to Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Life	5 years
Cost	$ 775,000
Amortization Expense	13,000
Accumulated Amortization	775,000
Cost, Net of Accumulated Amortization	0
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	7,922,000
Amortization Expense	317,000
Accumulated Amortization	3,616,000
Cost, Net of Accumulated Amortization	$ 4,306,000
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Life	18 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Life	20 years
TPA Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Life	15 years
Cost	$ 204,000
Amortization Expense	10,000
Accumulated Amortization	114,000
Cost, Net of Accumulated Amortization	$ 90,000

Line of Credit - Additional Inf

Line of Credit - Additional Information (Detail) - USD ($)	1 Months Ended	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2015
Line of Credit Facility [Line Items]
Loan covenants requirements		The loan covenants require the Company to maintain the current assets to liabilities ratio of at least 1.251, debt to tangible net worth not greater than 1.251 and have positive net income
Current assets to liabilities ratio	125.00%
Debt to tangible net worth	125.00%
Letters of credit in aggregate amount		$ 4,500,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility with borrowing capacity	$ 10,000,000
Fluctuating rate determined by financial institution		Fluctuating rate determined by the financial institution to be 1.50% above the daily one-month LIBOR rate.
Outstanding revolving loans		$ 0
Renewed credit agreement expiration period		September 2,016
Revolving Credit Facility [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.50%