Years Ended March 31, | |||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||
Interest paid (a) | $ | 66,569 | $ | 67,756 | $ | 58,131 | |||||
Income taxes (net of refunds) (b) | 133,951 | 94,976 | 61,160 | ||||||||
(a) | During the year ended March 31, 2011, the Company incurred $2.6 million and paid $2.3 million of a one-time interest penalty payable to holders of the 2018 Senior Subordinated Notes related to the late removal of the restrictive legend on these notes. The remaining interest penalty of $0.3 million was paid to note holders on April 1, 2011, concurrent with the scheduled interest payment on the 2018 Senior Subordinated Notes. The Company classified these charges as interest expense. |
(b) | During the year ended March 31, 2013, the Company received no federal income tax refunds. During the years ended March 31, 2012 and 2011, the company applied for and received federal income tax refunds of $10.8 million and $26.0 million, respectively. |