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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Sep. 30, 2011
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] 
Stock-Based Compensation Expense Included in Statements of Operations [Table Text Block]
The following table summarizes the amount of stock-based compensation expense included in the Condensed consolidated statements of operations:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 30,
 
September 30,
(in thousands)
 
2011
 
2010
 
2011
 
2010
Cost of revenues
 
$
559

 
$
565

 
$
1,105

 
$
1,098

 
 


 


 


 


Research, development and engineering
 
1,028

 
967

 
1,975

 
1,904

Selling, general and administrative
 
2,921

 
2,480

 
5,608

 
4,787

Stock-based compensation expense included in operating expenses
 
3,949

 
3,447

 
7,583

 
6,691

 
 


 


 


 


Total stock-based compensation expense
 
4,508

 
4,012

 
8,688

 
7,789

Income tax benefit
 
(1,441
)
 
(1,305
)
 
(2,723
)
 
(2,346
)
Total stock-based compensation expense, net of tax
 
$
3,067

 
$
2,707

 
$
5,965

 
$
5,443

Summary of Stock Option Activity [Table Text Block]
The following is a summary of the Company’s stock option activity during the six months ended September 30, 2011:
 
Options Outstanding
 
Number of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual Life
 
Aggregate
Intrinsic
Value
 
(in thousands)
 
 
 
(in years)
 
(in thousands)
Outstanding at March 31, 2011
5,360

 
$
25.58

 
 
 
 
Options granted
424

 
$
35.54

 
 
 
 
Options exercised
(795
)
 
$
20.95

 
 
 
 
Options forfeited or expired
(703
)
 
$
39.33

 
 
 
 
Outstanding at September 30, 2011
4,286

 
$
25.17

 
3.6

 
$
21,669

Vested and expected to vest at September 30, 2011
4,186

 
$
24.99

 
3.5

 
$
21,573

Exercisable at September 30, 2011
3,119

 
$
23.18

 
2.7

 
$
19,052

Summary of Restricted Stock Activity [Table Text Block]

The following is a summary of the Company’s restricted stock activity during the six months ended September 30, 2011:
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
 
(in thousands)
 
 
Unvested at March 31, 2011
688

 
$
29.52

Restricted stock granted
390

 
$
36.36

Restricted stock vested
(68
)
 
$
27.90

Restricted stock forfeited
(28
)
 
$
29.64

Unvested at September 30, 2011
982

 
$
32.47

Valuation Assumptions [Table Text Block]
The fair value of stock options and ESPP shares granted during the respective periods is estimated on the date of grant using the following weighted average assumptions:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 30,
 
September 30,
Employee Stock Options
 
2011
 
2010
 
2011
 
2010
Expected volatility
 
44.7
%
 
46.6
%
 
44.4
%
 
46.3
%
Risk-free interest rate
 
0.6
%
 
1.2
%
 
1.2
%
 
1.7
%
Expected dividends
 
0.6
%
 
0.7
%
 
0.6
%
 
0.7
%
Expected life (in years)
 
4.0

 
4.2

 
4.0

 
4.2

Weighted-average grant date fair value
 
$
10.85

 
$
11.14

 
$
12.18

 
$
11.22

ESPP
 
 
 
 
 
 
 
 
Expected volatility
 
38.7
%
 
41.8
%
 
38.7
%
 
41.8
%
Risk-free interest rate
 
0.1
%
 
0.2
%
 
0.1
%
 
0.2
%
Expected dividends
 
0.6
%
 
0.7
%
 
0.6
%
 
0.7
%
Expected life (in years)
 
0.5

 
0.5

 
0.5

 
0.5

Weighted-average grant date fair value
 
$
8.00

 
$
8.02

 
$
8.00

 
$
8.02