XML 22 R13.htm IDEA: XBRL DOCUMENT v2.3.0.15
Share Repurchases
6 Months Ended
Sep. 30, 2011
Share Repurchases [Abstract] 
Share Repurchases

Note 8.    Share Repurchases

In May 2011, our Board of Directors authorized a one-year share repurchase program for up to $5.0 million of our outstanding common stock. Common stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions. The amount and timing of all repurchase transactions are contingent upon market conditions, regulatory requirements and alternative investment opportunities. For the three months ended September 30, 2011, we repurchased 222,431 shares pursuant to this program at an average price of $13.08 per share for a total of $2.9 million. During the first six months of Fiscal 2012, we repurchased 304,922 shares pursuant to this program at an average price of $14.24 per share for a total of $4.3 million. As of September 30, 2011, $0.7 million remained available for repurchases pursuant to this program.