Purchase of Treasury Stock
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12 Months Ended |
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Mar. 31, 2012
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Purchase of Treasury Stock [Abstract] | |
Purchase of Treasury Stock |
Note 14 — Purchase of Treasury Stock: In fiscal 2012, 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 the expiration of the program on July 27, 2012, when all 1,000 shares authorized thereunder are repurchased or 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. At March 31, 2012 and 2011, the Company had purchased 377 shares at a cost of $3,613 and 362 shares at a cost of $3,392, respectively, under this program. |