Stockholder's Equity
 12 Months Ended
Mar. 31, 2012
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity
Stockholder's Equity

Dividends
The following table presents information about the Company's dividend program:
Period
Record Date
Payment Date
Rate

Aggregate Value

4Q12
March 30, 2012
April 13, 2012
$
0.07

$
1,223

3Q12
December 30, 2011
January 12, 2012
0.07

1,223

2Q12
September 30, 2011
October 13, 2011
0.07

1,238

1Q12
July 1, 2011
July 14, 2011
0.07

1,263

 
 
 
 
 
4Q11
March 31, 2011
April 13, 2011
0.06

1,065

3Q11
December 31, 2010
January 14, 2011
0.06

1,066

2Q11
October 1, 2010
October 15, 2010
0.06

1,057

1Q11
July 2, 2010
July 19, 2010
0.06

1,056


While the Company expects to continue to declare quarterly dividends, the payment of future dividends is at the discretion of the Company's Board and the timing and amount of any future dividends will depend upon earnings, cash requirements and the financial condition of the Company. Under the New Credit Agreement, the Company is permitted to make any distribution or dividend as long as no Event of Default or Potential Default shall have occurred and is continuing or shall occur as a result thereof. In addition, no distribution or dividend is permitted under the New Credit Agreement if such event would violate a consolidated leverage ratio other than regular quarterly dividends not exceeding $15,000 per year.

Common Stock Repurchases
The following table presents information about the Company's common stock repurchases:
 
Fiscal
 
2012

2011

Common stock purchased
606,978

16,572

Aggregate purchase price
$
15,292

$
485

Average purchase price
$
25.19

$
29.31


During the first quarter of Fiscal 2012, the Company made tax payments of $1,521 and withheld 45,778 shares of common stock, which were designated as treasury shares, at an average price per share of $33.22, related to share withholding to satisfy employee income taxes due as a result of the vesting in May 2011 of certain restricted stock units and performance shares. During the first quarter of Fiscal 2011, the Company made tax payments of $482 and withheld 16,488 shares of common stock, which were designated as treasury shares, at an average price per share of $29.26, related to share withholding to satisfy employee income taxes due as a result of the vesting in May 2010 of certain restricted stock units.

Since the inception of the repurchase program in April 1999 through March 31, 2012, the Company has repurchased 8,187,479 shares of common stock for an aggregate purchase price of $336,869, or an average purchase price per share of $41.14. These shares do not include the treasury shares withheld for tax payments resulting from the vesting of certain restricted stock units and performance shares. As of March 31, 2012, 312,521 shares were available under repurchase programs approved by the Board. On May 10, 2012, the Company announced that the Board approved an additional 1,000,000 shares under a new repurchase program resulting in 1,312,521 shares of common stock available for repurchase as of May 10, 2012.  Additional repurchases of common stock may occur from time to time depending upon factors such as the Company’s cash flows and general market conditions. There can be no assurance as to the timing or amount of such repurchases. Under the New Credit Agreement, the Company is permitted to repurchase its common stock as long as no Event of Default or Potential Default shall have occurred and is continuing or shall occur as a result thereof. In addition, no repurchase of common stock is permitted under the New Credit Agreement if such event would violate a consolidated leverage ratio.