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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands
3 Months Ended6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Investment income:    
Interest$ 484$ 450$ 937$ 750
Dividends6215721,1932,961
Management and directors' fees152142324419
Revenues total1,2571,1642,4544,130
Operating expenses:    
Salaries511464983863
Stock option expense259244503468
Net pension benefit(77)(53)(150)(146)
Professional fees234176539413
Other operating expenses278233495440
Total operating expenses1,2051,0642,3702,038
Income before income taxes52100842,092
Income tax expense29194748
Net investment income2381372,044
Proceeds from disposition of investments18,50053018,53979,055
Cost of investments sold15006,1004,510
Net realized gain on investments18,35053012,43974,545
Net increase (decrease) in unrealized appreciation of investments(44,076)23,360(48,634)(42,383)
Net realized and unrealized gain (loss) on investments(25,726)23,890(36,195)32,162
Increase (decrease) in net assets from operations$ (25,703)$ 23,971$ (36,158)$ 34,206