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SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Sep. 30, 2013
SHARE-BASED COMPENSATION  
Summary of stock option activity for the 1994 Plan

 

 

Stock Options

 

Shares

 

Weighted-
Average
Exercise Price

 

Outstanding at March 31, 2013

 

1,411,500

 

$

46.25

 

Granted

 

—

 

—

 

Exercised

 

(50,000

)

23.00

 

Forfeited or expired

 

(8,000

)

$

39.77

 

Outstanding at September 30, 2013 (a)

 

1,353,500

 

$

47.15

 

Exercisable at September 30, 2013 (a)

 

1,025,000

 

$

50.58

 

 

 

(a)                   Stock options outstanding as of September 30, 2013 have a weighted average remaining contractual life of 5.1 years. Based on the market value of the Company’s common stock on September 30, 2013, outstanding stock options have an aggregate intrinsic value of $12,528 and exercisable stock options have an aggregate intrinsic value of $6,080.