EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY:

6 Months Ended

Sep. 30, 2011

EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY:

EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY:

2.             EARNINGS PER SHARE AND STOCKHOLDERS’ EQUITY:

Earnings Per Share

A reconciliation of the numerator and denominator of basic and diluted earnings per share is shown below (in thousands, except per share amounts):

	For the quarter ended September 30				For the six months ended September 30
	2011		2010		2011		2010
Basic earnings per share:
Numerator – net earnings	$	12,977	$	12,697	$	22,992	$	22,133
Denominator – weighted-average shares outstanding	80,985		80,046		80,963		79,894
Basic earnings per share	$	0.16	$	0.16	$	0.28	$	0.28
Diluted earnings per share:
Numerator – net earnings	$	12,977	$	12,697	$	22,992	$	22,133
Denominator:
Weighted-average shares outstanding	80,985		80,046		80,963		79,894
Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method	612		1,236		842		1,475
	81,597		81,282		81,805		81,369
Diluted earnings per share	$	0.16	$	0.16	$	0.28	$	0.27
Basic earnings per share attributable to Acxiom stockholders:
Numerator – net earnings	$	12,292	$	13,281	$	23,267	$	23,086
Denominator – weighted-average shares outstanding	80,985		80,046		80,963		79,894
Basic earnings per share attributable to Acxiom stockholders	$	0.15	$	0.17	$	0.29	$	0.29
Diluted earnings per share attributable to Acxiom stockholders:
Numerator – net earnings	$	12,292	$	13,281	$	23,267	$	23,086
Denominator:
Weighted-average shares outstanding	80,985		80,046		80,963		79,894
Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method	612		1,236		842		1,475
	81,597		81,282		81,805		81,369
Diluted earnings per share attributable to Acxiom stockholders	$	0.15	$	0.16	$	0.28	$	0.28

As of September 30, 2011, the Company had options and warrants outstanding providing for the purchase of approximately 10.4 million shares of common stock together with restricted stock units relating to 1.9 million shares of stock. Options, warrants and restricted stock units that were outstanding during the periods presented, but were not included in the computation of diluted earnings per share because the effect was antidilutive are shown below (in thousands, except per share amounts):

	For the quarter ended September 30				For the six months ended September 30
	2011		2010		2011		2010
Number of shares outstanding under options, warrants and restricted stock units	10,582		9,174		10,069		8,075
Range of exercise prices for options and warrants	$	11.50-$62.06	$	14.68-$75.55	$	13.14-$62.06	$	16.35-$75.55

Stockholders’ Equity

On August 29, 2011, the board of directors adopted a common stock repurchase program for a twelve-month period ending August 23, 2012.  Under the repurchase program, the Company may purchase up to $50 million worth of its common stock.  Through September 30, 2011, the Company had repurchased 3.7 million shares of its stock for $39.1 million.  Cash paid for repurchases of $34.1 million differs from the aggregate purchase price due to trades made at the end of the period which were settled subsequent to September 30, 2011.