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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Sep. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense Included in Statements of Operations [Table Text Block]
The following table summarizes the amount of stock-based compensation included in the Condensed consolidated statements of operations:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 30,
 
September 30,
(in thousands)
 
2012
 
2011
 
2012
 
2011
Cost of revenues
 
$
526

 
$
559

 
$
1,122

 
$
1,105

 
 


 


 
 
 
 
Research, development and engineering
 
1,256

 
1,028

 
2,380

 
1,975

Selling, general and administrative
 
3,080

 
2,921

 
5,980

 
5,608

Stock-based compensation included in operating expenses
 
4,336

 
3,949

 
8,360

 
7,583

Total stock-based compensation
 
4,862

 
4,508

 
9,482

 
8,688

Income tax benefit
 
(1,532
)
 
(1,441
)
 
(2,914
)
 
(2,723
)
Total stock-based compensation, net of tax
 
$
3,330

 
$
3,067

 
$
6,568

 
$
5,965

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, 2012:
 
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, 2012
3,304

 
$
26.47

 
 
 
 
Options granted
266

 
$
33.40

 
 
 
 
Options exercised
(390
)
 
$
24.11

 
 
 
 
Options forfeited or expired
(140
)
 
$
34.91

 
 
 
 
Outstanding at September 30, 2012
3,040

 
$
27.00

 
3.7
 
$
26,109

Vested and expected to vest at September 30, 2012
3,005

 
$
26.91

 
3.6
 
$
26,038

Exercisable at September 30, 2012
2,200

 
$
24.45

 
2.8
 
$
24,183

Summary of Restricted Stock Activity [Table Text Block]

Restricted stock consists of awards of restricted stock and restricted stock units ("RSUs"). The following is a summary of the Company’s restricted stock activity during the six months ended September 30, 2012:
 
Number of
Shares
 
Weighted Average Grant Date Fair Value
 
(in thousands)
 
 
Non-vested at March 31, 2012
815

 
$
33.37

Restricted stock granted
552

 
$
32.05

Restricted stock vested
(150
)
 
$
32.80

Restricted stock forfeited
(51
)
 
$
31.73

Non-vested at September 30, 2012
1,166

 
$
32.89

Valuation Assumptions [Table Text Block]
The fair value of stock options granted, and purchase rights under the ESPP, during the respective periods, are 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
 
2012
 
2011
 
2012
 
2011
Expected volatility
 
43.5
%
 
44.7
%
 
42.2
%
 
44.4
%
Risk-free interest rate
 
0.5
%
 
0.6
%
 
0.6
%
 
1.2
%
Expected dividends
 
1.3
%
 
0.6
%
 
1.3
%
 
0.6
%
Expected life (in years)
 
4.3
 
4.0
 
4.3
 
4.0
Weighted-average grant date fair value
 
$
10.84

 
$
10.85

 
$
10.43

 
$
12.18

ESPP
 
 
 
 
 
 
 
 
Expected volatility
 
38.4
%
 
38.7
%
 
38.4
%
 
38.7
%
Risk-free interest rate
 
0.1
%
 
0.1
%
 
0.1
%
 
0.1
%
Expected dividends
 
1.1
%
 
0.6
%
 
1.1
%
 
0.6
%
Expected life (in years)
 
0.5

 
0.5

 
0.5

 
0.5

Weighted-average grant date fair value
 
$
8.95

 
$
8.00

 
$
8.95

 
$
8.00