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DEBT
3 Months Ended
Jun. 30, 2012
DEBT [Abstract]  
DEBT
NOTE 8 - DEBT

The Company's notes payable consist of a $483.0 million senior notes payable revolving credit facility.  This facility provides for borrowings of up to $483.0 million with $353.6 million outstanding at June 30, 2012, subject to a borrowing base formula.  The Company may borrow at the rate of LIBOR plus 3.0% with a minimum of 4.0%.  At June 30, 2012 and March 31, 2012, the Company's interest rate was 4.0%, and the unused amount available under the revolver at June 30, 2012 was $129.4 million.  The revolving credit facility has a commitment fee of 0.40% per annum on the unused portion of the commitment.  Borrowings under the revolving credit facility mature on August 31, 2014.

Substantially all of the Company's assets are pledged as collateral for borrowings under the revolving credit agreement.