Subsequent Event

3 Months Ended

Jun. 30, 2011

Subsequent Events [Abstract]

Subsequent Event

Note 9:  Subsequent Events

In July 2011, the Company repurchased approximately 342,000 of its own shares for approximately $3.8 million.  On July 29, 2011 the Board of Directors approved the issuance of approximately 91,000 restricted shares to certain employees and the outside directors of the Company. All shares which were issued are subject to a restriction or forfeiture period which will lapse ratably on the first, second, and third anniversaries of the date of the grant, and the fair value is being amortized over the the three-year restriction period.

On August 1, 2011 our Board of Directors declared a quarterly dividend of  $0.125 per share. The Board established an August 12, 2011 record date and an August 26, 2011 payment date. Based on the outstanding share balance as of August 1, 2011 the Company estimates the dividend payable to be approximately $2.6 million. The Board of Directors also approved a fourth share repurchase program of up to $20.0 million, effective immediately. This program is intended to be implemented through purchases made from time to time, in either the open market or through private transactions at the Company's discretion, subject to market conditions conditions and other factors, in accordance with Securities and Exchange Commission requirements. The Company still has approximately $299,000 remaining from its third $20.0 million repurchase plan, under which the Company has already repurchased approximately 1.6 million shares for approximately $19.7 million, an average of $12.54 per share.