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Treasury Stock and Subsequent Event
3 Months Ended
Jun. 30, 2011
Treasury Stock and Subsequent Event [Abstract]  
Treasury Stock and Subsequent Event
Note C — Treasury Stock and Subsequent Event
     The Company’s Board of Directors initially approved the commencement of a share repurchase program in the fall of 1996. In May 2010, the Board approved an 850,000 share expansion of the repurchase program to 15,000,000 shares over the life of the share repurchase program. Since the commencement of the share repurchase program, the Company has spent $253 million to repurchase 14,568,693 shares of its common stock, equal to 56% of the outstanding common stock had there been no repurchases. The average price of these repurchases is $17.34 per share. These purchases have been funded primarily from the net earnings of the Company, along with the proceeds from the exercise of common stock options. During the three months ended June 30, 2011, the Company repurchased 77,530 shares for $3.7 million. The Company had 11,578,208 shares of common stock outstanding as of June 30, 2011, net of the 14,568,693 shares in treasury. Subsequent to the end of the quarter, through July 28, 2011, the Company repurchased 46,090 shares of common stock for $2.2 million or $48.66 a share.