Rooted boxen and the law

I am just curious, in these days where every script kiddie with a few spare hours is out cracking into every box in sight, what do you all do when it happens? I know the isolate/reinstall stuff, I am specifically more interested in administrative stuff. Do you log it? Report it to the police? FBI? Who? Basically, I just had a box cracked, and have time to kill before I get access to it to reinstall (Damn cheap colo provider...) and am wondering if I should just reinstall and get on with life, or if I should be covering my ass, since I have things on their that will make me unhappy if they are taken and released to the public domaine (Reg codes for software and the like.) Let me know! Jamie