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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Jun. 30, 2011
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]  
Stock-Based Compensation Expense Included in Statements of Operations [Table Text Block]
The following table summarizes the amount of stock-based compensation expense included in the Condensed consolidated statements of operations:
 
 
Three Months Ended
 
 
June 30,
(in thousands)
 
2011
 
2010
Cost of revenues
 
$
546


 
$
533


 
 
 
 
 
Research, development and engineering
 
947


 
937


Selling, general and administrative
 
2,686


 
2,307


Stock-based compensation expense included in operating expenses
 
3,633


 
3,244


 
 
 
 
 
Total stock-based compensation
 
4,179


 
3,777


Income tax benefit
 
(1,282
)
 
(1,041
)
Total stock-based compensation, net of tax
 
$
2,897


 
$
2,736


Summary of Stock Option Activity [Table Text Block]
The following is a summary of the Company’s stock option activity during the three months ended June 30, 2011:
 
Options Outstanding
 
Number of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual Life
 
Aggregate
Intrinsic
Value
 
(in thousands)
 
 
 
(in years)
 
(in thousands)
Outstanding at March 31, 2011
5,360


 
$
25.58


 
 
 
 
Options granted
327


 
$
36.51


 
 
 
 
Options exercised
(552
)
 
$
20.87


 
 
 
 
Options forfeited or expired
(52
)
 
$
36.87


 
 
 
 
Outstanding at June 30, 2011
5,083


 
$
26.68


 
3.2


 
$
55,305


Vested and expected to vest at June 30, 2011
4,968


 
$
26.56


 
3.2


 
$
54,715


Exercisable at June 30, 2011
3,778


 
$
25.89


 
2.3


 
$
44,704


Summary of Restricted Stock Activity [Table Text Block]


The following is a summary of the Company’s restricted stock activity during the three months ended June 30, 2011:
 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
 
(in thousands)
 
 
Non-vested at March 31, 2011
688


 
$
29.52


Restricted stock granted
366


 
$
36.60


Restricted stock vested
(46
)
 
$
29.02


Restricted stock forfeited
(3
)
 
$
33.01


Non-vested at June 30, 2011
1,005


 
$
32.23


Valuation Assumptions [Table Text Block]
The fair value of stock option and ESPP shares granted during the respective periods is estimated on the date of grant using the following weighted average assumptions:
 
 
Three Months Ended
 
 
June 30,
Employee Stock Options
 
2011
 
2010
Expected volatility
 
44.4
%
 
46.1
%
Risk-free interest rate
 
1.4
%
 
1.9
%
Expected dividends
 
0.6
%
 
0.7
%
Expected life (in years)
 
4.0


 
4.2


Weighted-average grant date fair value
 
$
12.58


 
$
11.26