SHARE REPURCHASES

9 Months Ended

Dec. 31, 2011

NOTE 10.

SHARE REPURCHASES

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

	Three Months Ended		Nine Months Ended
	December 31, 2011		December 31, 2011
Number of shares repurchased		-		1,168,000
Total cost	$	-	$	27,328
Average per share cost including commissions	$	-	$	23.41

In August 2011, the Board of Directors authorized the repurchase of up to an aggregate of $40.0 million of our common stock. As of December 31, 2011, $12.7 million of share repurchases may yet be purchased under such authorization. In January 2012, the Board of Directors approved a $15.0 million increase to its existing share repurchase program, to a total of $55.0 million. 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.