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SHARE-BASED EMPLOYEE COMPENSATION (Tables)
 6 Months Ended
Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Weighted-Average Assumptions used to Value Option Awards

The weighted-average assumptions used in the Black-Scholes model to value the option awards in fiscal 2014 are as follows:

 

     Fiscal 2014  

Dividend Yield

      2.0 % 

Expected Volatility

      44.6 % 

Risk Free Interest Rate

      2.0 % 

Expected Life

      7.0 years   
Stock Option Activity

The following table represents stock option activity for the six month period ended September 30, 2013:

 

     Number
of
Shares		     Weighted-
Average
Exercise
Price		  

Outstanding Options at Beginning of Period

      3,022,592      $ 37.83   

Granted

      236,989      $ 67.21   

Exercised

      (70,837 )    $ 33.19   

Cancelled

      (5,000 )    $ 53.22   
  

 

 

    

Outstanding Options at End of Period

      3,183,744      $ 40.10   
  

 

 

    

Options Exercisable at End of Period

      1,230,175      $ 30.68   
  

 

 

    

Weighted-Average Fair Value of Options Granted during the Period

    $ 26.04     
Stock Options Outstanding

The following table summarizes information about stock options outstanding at September 30, 2013:

 

     Outstanding Options      Exercisable Options  

Range of Exercise Prices

    Number of
Shares
Outstanding		      Weighted  -
Average
Remaining
Contractual
Life		      Weighted -
Average
Exercise
Price		      Number of
Shares
Outstanding		      Weighted -
Average
Exercise
Price		  

  $23.17 - $ 30.74

      1,006,370         4.98       $ 26.74         886,941       $ 26.62   

  $33.08 - $ 40.78

      626,719         7.45       $ 34.57         274,993       $ 35.34   

  $47.53 - $ 70.30

      1,550,655         2.26       $ 51.01         68,241       $ 64.76   
  

 

 

           

 

 

     
     3,183,744         4.14       $ 40.10         1,230,175       $ 30.68