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Changes in Stockholders' Equity and Comprehensive Income
6 Months Ended
Sep. 30, 2011
Stockholders Equity Note [Abstract] 
Changes in Stockholders' Equity and Comprehensive Income:
Note 7: Changes in Stockholders’ Equity and Comprehensive Income:
Changes in stockholders’ equity for the six months ended September 30, 2011 is summarized below (in thousands):
Accumulated
Additional
Other
Paid-In
Retained
Comprehensive
Capital
Earnings
Loss
Beginning balance at March 31, 2011:
$ - $ 97,115 $ (141 )
Share based compensation
1,127 - -
Repurchased and retired shares
(21,717 ) - -
Allocation of retirement of repurchased shares of additional paid in capital and retained earnings
20,661 (20,661 ) -
Dividends declared
- (5,396 ) -
Net Income
- 8,767 -
Tax adjustment related to restricted stock
(71 )
Net change in unrealized gain on short term investments
- - 68
Net change in unrealized gain on redemptions of long term investments
- - 74
Ending balance at September 30, 2011:
$ - $ 79,825 $ 1
In July 2011 the Board of Directors approved a fourth share repurchase program of up to $20.0 million. This program is intended to be implemented through purchases made from time to time, in either the open market or through private transactions at the Company’s discretion, subject to market conditions and other factors, in accordance with Securities and Exchange Commission requirements. During the quarter ended September 30, 2011 the Company repurchased approximately 894,000 shares of its common stock for approximately $9.1 million, compared to the Company repurchasing approximately 222,000 shares of its common stock for approximately $3.5 million for the same period in the prior year.

The Company repurchased approximately 2.0 million shares of its common stock for approximately $22.6 million for the six months ended September 30, 2011, compared to the Company repurchasing 260,000 shares of its common stock for approximately $4.2 million for the six months ended September 30, 2010. Shares of treasury stock purchased in the six months ended September 30, 2011 totaling approximately 1.9 million were retired and cancelled, and approximately 100,000 shares remained as treasury stock outstanding as of September 30, 2011. Shares of treasury stock purchased in the six months ended September 30, 2010 totaling approximately 260,000 had been retired and cancelled. As of September 30, 2011 the Company had approximately $15.1 million remaining under the Company’s share repurchase plan.
Total comprehensive income for the three and six months ended September 30, 2011 and 2010 is summarized below (in thousands):
Three Months Ended
Six Months Ended
September 30,
September 30,
2011
2010
2011
2010
Net income
$ 3,930 $ 4,977 $ 8,767 $ 12,203
Net change in unrealized gain on short term investments
22 34 68 42
Net change in unrealized gain (loss) on redemptions of long term investments
27 (11 ) 74 (11 )
Comprehensive income
$ 3,979 $ 5,000 $ 8,909 $ 12,234