SHARE REPURCHASE

3 Months Ended

Jun. 30, 2011

SHARE REPURCHASE [Abstract]

SHARE REPURCHASE

11. SHARE REPURCHASE

On August 11, 2009, our Board authorized a share repurchase plan, which has been amended over time. The most recent amendment was on August 12, 2010 whereby our Board authorized share repurchases of up to 500,000 commencing on September 16, 2010. The purchases may be made from time to time in the open market, or in privately negotiated transactions, subject to availability. Any repurchased shares will have the status of treasury shares and may be used, when needed, for general corporate purposes.

During the three months ended June 30, 2011, we repurchased 66,680 shares of our outstanding common stock at an average cost of $24.51 per share for a total purchase price of $1.6 million. Since the inception of our initial repurchase program on September 20, 2001 to June 30, 2011, we have repurchased 4.0 million shares of our outstanding common stock at an average cost of $11.87 per share for a total purchase price of $47.4 million.