The company reported net income of $33.7 million ($0.13 per diluted share) in the quarter ended March 31, 2008, compared with a net loss of $4.5 million ($0.02 per diluted share) for the same period of 2007. Cash net income in the quarter ended March 31, 2008 was $82.9 million, an increase of $31.9 million, compared to $51 million for the same period of 2007.