Annual report pursuant to Section 13 and 15(d)

Purchase of Treasury Stock

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Purchase of Treasury Stock
12 Months Ended
Mar. 31, 2013
Purchase of Treasury Stock [Abstract]  
Purchase of Treasury Stock

Note 14 — Purchase of Treasury Stock:

In fiscal 2013, the Company’s Board of Directors extended the Company’s stock repurchase program. Under the stock repurchase program, up to 1,000 shares of the Company’s common stock are permitted to be repurchased by the Company from time to time either in the open market or through privately negotiated transactions. The stock repurchase program terminates at the earlier of: (a) the expiration of the program on July 29, 2013; (b) when all 1,000 shares authorized thereunder are repurchased; or (c) when the Board of Directors otherwise determines to terminate the program. Cash on hand has been used to fund all stock repurchases under the program. The Company did not purchase any stock under the program during fiscal 2013. At March 31, 2013 and 2012, the Company had purchased a total of 377 shares at a cost of $3,613 under this program.