Stockholder's Equity

12 Months Ended

Mar. 31, 2012

Stockholder's Equity [Abstract]

Stockholder's Equity

12.Stockholders’ Equity

Share Repurchase Program

On November 4, 2010, we announced that an $80 million share repurchase program had been approved by our Board of Directors.As of March 31, 2012, we have repurchased approximately 5.1 million shares at a cost of $79.5 million, or an average price of $15.51 per share. Of this total, during the current fiscal year we have repurchased 4.9 million shares at a cost of $76.8 million, or an average cost of $15.63 per share.

In fiscal year 2011, the Company completed the repurchase of approximately 1.8 million shares of the Company’s common stock, at a total cost of $22.8 million, or $12.94 per share.Of this amount, 1.5 million shares of the Company’s common stock were repurchased pursuant to the remaining portion of the $20 million share repurchase program authorized by the Board of Directors in January 2009.The remaining 0.3 million shares came from the $80 million share repurchase program announced on November 4, 2010.  As of March 31, 2012, approximately $0.5 million remains available for share repurchases under this $80 million share repurchase program.

All shares of our common stock that were repurchased under these share repurchase programs were cancelled upon consummation of the daily repurchase transactions.

Preferred Stock

We have 5.0 million shares of Preferred Stock authorized.As of March 31, 2012 we have not issued any of the authorized shares.