Changes in Stockholders' Equity and Comprehensive Income

9 Months Ended

Dec. 31, 2011

Stockholders Equity Note [Abstract]

Changes in Stockholders' Equity and Comprehensive Income:

Note 7:  Changes in Stockholders’ Equity and Comprehensive Income:

        Changes in stockholders’ equity for the nine months ended December 31, 2011 is summarized below (in thousands):

							Accumulated
	Additional						Other
	Paid-In			Retained			Comprehensive
	Capital			Earnings			Loss
Beginning balance at March 31, 2011:	$	-		$	97,115		$	(141	)
Share based compensation		1,686			-			-
Repurchased and retired shares		(23,685	)		-			-
Allocation of retirement of repurchased shares of
additional paid in capital and retained earnings		22,070			(22,070	)		-
Dividends declared		-			(7,936	)		-
Net Income		-			12,665			-
Tax adjustment related to restricted stock		(71	)
Net change in unrealized gain on short term
investments		-			-			61
Net change in unrealized gain on redemptions
of long term investments		-			-			90
Ending balance at December 31, 2011:	$	-		$	79,774		$	10

        During the quarter ended December 31, 2011 the Company repurchased approximately 118,000 shares of its common stock for approximately $1.0 million, compared to the Company repurchasing approximately 66,000 shares of its common stock for approximately $1.0 million for the same period in the prior year.  The Company repurchased approximately 2.1 million shares of its common stock for approximately $23.7 million for the nine months ended December 31, 2011, compared to the Company repurchasing 326,000 shares of its common stock for approximately $5.2 million for the nine months ended December 31, 2010.  All 2.1 million shares of treasury stock purchased in the nine months ended December 31, 2011 were retired and cancelled.  As of December 31, 2011 the Company had approximately $14.0 million remaining under the Company’s share repurchase plan.

Total comprehensive income for the three and nine months ended December 31, 2011 and 2010 is summarized below (in thousands):

	Three Months Ended						Nine Months Ended
	December 31,						December 31,
	2011			2010			2011		2010
Net income	$	3,898		$	4,522		$	12,665	$	16,725
Net change in unrealized gain (loss) on short term investments		(7	)		(28	)		61		(28	)
Net change in unrealized gain (loss) on redemptions
of long term investments		16			(11	)		90		(11	)
Comprehensive income	$	3,907		$	4,483		$	12,816	$	16,686