SHARE REPURCHASES

6 Months Ended

Sep. 30, 2011

NOTE 10. SHARE REPURCHASES

Share repurchase activity is as follows (in thousands, except share and average per share cost data):

	Three Months Ended		Six Months Ended
	September 30, 2011		September 30, 2011
Number of shares repurchased		1,168,000		1,168,000
Total cost	$	27,328	$	27,328
Average per share cost including commissions	$	23.41	$	23.41

In August 2011, the Board of Directors authorized $40.0 million for share repurchases. As of September 30, 2011, $12.7 million of share repurchases remain to be purchased. The repurchases are made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. Repurchased shares are retired.