SUBSEQUENT EVENT

6 Months Ended

Sep. 30, 2011

SUBSEQUENT EVENT [Abstract]

SUBSEQUENT EVENT

NOTE 12 – SUBSEQUENT EVENT

Subsequent events have been evaluated through November 1, 2011, the date these unaudited consolidated financial statements were issued.

On October 10, 2006, the Company issued $110 million aggregate principal amount of its 3.0% convertible senior subordinated notes due October 1, 2011 (the “Convertible Notes”) to qualified institutional brokers in accordance with Rule 144A of the Securities Act of 1933.  As of September 30, 2011 $77.0 million in aggregate principal amount of the Convertible Notes was outstanding.  On September 30, 2011, the Company wired $77.0 million, which was considered restricted cash on the September 30, 2011 balance sheet, to the Trustee for the Convertible Notes in satisfaction of its obligation to repay the Convertible Notes at maturity.