SUBSEQUENT EVENT:

3 Months Ended

Jun. 30, 2011

SUBSEQUENT EVENT:

SUBSEQUENT EVENT:

13.           SUBSEQUENT EVENTS:

Subsequent to the end of the current fiscal quarter ended June 30, 2011, the Company entered into a transaction to dispose of its interest in its MENA subsidiary.  MENA comprises the Company’s Middle East and North Africa operations.  The transaction was effective July 12, 2011.  The terms of the disposal include a $1.0 million cash payment to MENA and the release of any claims that the acquirer or any other party may have against the Company.  The Company expects to record a loss on disposal during the next fiscal quarter, ending September 30, 2011, of approximately $3.3 million.

On July 25, 2011, the board of directors of the Company appointed Scott E. Howe the chief executive officer and president of the Company.  Under the terms of an employment agreement, Mr. Howe has been granted stock options for 344,925 shares at $13.74 per share, restricted stock units covering 56,957 shares, and performance units for 204,418 shares.  The stock options have a ten-year term and vest ratably over four years.  The restricted stock units vest ratably over four years and the performance shares will vest subject to attainment of performance criteria based on a performance period ending March 31, 2014.  These grants will increase expense for stock options by approximately $0.1 million per quarter and will increase expense for restricted stock units and performance shares by approximately $0.3 million per quarter.