STOCKHOLDERS' EQUITY

6 Months Ended

Sep. 30, 2014

Equity [Abstract]

STOCKHOLDERS' EQUITY

(E) STOCKHOLDERS’ EQUITY

A summary of changes in stockholders’ equity follows:

	For the Six Months Ended September 30, 2014
	(dollars in thousands)
Common Stock –
Balance at Beginning of Period	$	501
Stock Option Exercises		2
Balance at End of Period		503
Capital in Excess of Par Value –
Balance at Beginning of Period		253,524
Stock Compensation Expense		6,702
Shares Redeemed to Settle Employee Taxes		(1,299	)
Stock Option Exercises		7,285
Balance at End of Period		266,212
Retained Earnings –
Balance at Beginning of Period		582,957
Dividends Declared to Stockholders		(10,039	)
Net Earnings		88,029
Balance at End of Period		660,947
Accumulated Other Comprehensive Loss -
Balance at Beginning of Period		(5,483	)
Change in Funded Status of Pension Plan, net of tax		212
Balance at End of Period		(5,271	)
Total Stockholders’ Equity	$	922,391

There were no open market share repurchases during the three and six month periods ended September 30, 2014. As of September 30, 2014, we have authorization to purchase an additional 717,300 shares.