SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Sep. 30, 2012

A summary of stock option activity during the six months ended September 30, 2012 is as follows:

	Number of Shares			Exercise Price Range		Weighted Average Exercise Price		Weighted Average Contractual Life Remaining (in years)		Aggregate Intrinsic Value


Outstanding, April 1, 2012		145,000		$	7.14 - $15.25	$	11.91
Options exercised (1)		(25,000	)	$	7.14	$	7.14
Outstanding, September 30, 2012		120,000		$	10.75 - $15.25	$	12.90		2.0	$	3,158,100

Vested at September 30, 2012		120,000				$	12.90		2.0	$	3,158,100
Exercisable at September 30, 2012		120,000				$	12.90		2.0	$	3,158,100

(1)	The total intrinsic value of stock options exercised during the six months ended September 30, 2012 was $683 thousand.

Additional information regarding stock options outstanding as of September 30, 2012 is as follows:

		Options Outstanding and Exercisable
Range of Exercise Prices		Options Outstanding		Weighted Average Exercise Price per Share		Weighted Average Contractual Life Remaining (in years)

$	10.75 - $13.50		80,000	$	11.74		2.5
$	13.51 - $15.25		40,000	$	15.23		1.0

$	10.75 - $15.25		120,000	$	12.90		2.0

Summary of nonvested restricted shares

For the six months ended September 30, 2012, we granted 7,831 restricted shares under the 2008 Director LTIP, and 96,590 restricted shares under the 2008 Employee LTIP. A summary of the non-vested restricted shares is as follows:

	Number of Shares			Weighted Average Grant- date Fair Value

Nonvested April 1, 2012		276,130		$	20.75
Granted		104,421		$	32.64
Vested		(102,523	)	$	11.68
Forfeited		(1,167	)	$	20.17
Nonvested September 30, 2012		276,861		$	25.19