Employee Benefit Plans (Tables)

9 Months Ended

Dec. 31, 2012

Activity under the incentive and non-qualified stock option plans

The following is a summary of the activity under the Company’s incentive and non-qualified stock option plans for the nine months ended December 31, 2012 and for the years ended March 31, 2012 and 2011:



	December 31,			March 31,
	2012			2012			2011
	Shares	Weighted Avg. Exercise Price		Shares	Weighted Avg. Exercise Price		Shares	Weighted Avg. Exercise Price
Balance, Beginning of Period	72,900	$	22.62	81,400	$	22.51	90,900	$	22.57
Options Granted	—	—		—	—		—	—
Options Exercised	—	—		—	—		—	—
Options Forfeited	4,500	22.58		8,500	21.72		8,500	23.09
Balance, End of Period	68,400	$	22.63	72,900	$	22.62	81,400	$	22.51

Total Intrinsic Value Of Options Exercised During The Year	—			—			—
Weighted-Average Fair Value Of Options Granted During The Year	—			—			—
Options Exercisable	43,800	$	22.14	43,600	$	22.05	49,900	$	21.91
Weighted-Average Remaining Life Of Exercisable Options	1.8 years			2.5 years			3.4 years
Options Available For Grant	50,000			50,000			50,000

Options outstanding

At December 31, 2012, the Company had the following options outstanding:



Grant Date	Outstanding Options	Option Price	Expiration Date
09/01/03	2,400	$24.00	09/01/13
12/01/03	3,000	$23.65	12/01/13
01/01/04	5,000	$24.22	01/01/14
03/08/04	7,000	$21.43	03/08/14
06/07/04	2,000	$24.00	06/07/14
01/01/05	18,000	$20.55	01/01/15
01/01/06	4,000	$23.91	01/01/16
08/24/06	3,500	$23.03	08/24/16
05/24/07	2,000	$24.34	05/24/17
07/09/07	1,000	$24.61	07/09/17
10/01/07	2,000	$24.28	10/01/17
01/01/08	14,000	$23.49	01/01/18
05/19/08	2,500	$22.91	05/19/18
07/01/08	2,000	$22.91	07/01/18

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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