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SUBSEQUENT EVENTS | 6 Months Ended
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Sep. 30, 2024
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | Subsequent Events On October 24, 2024, the Company's board of directors declared a quarterly cash dividend of $0.57 per share of Class A and Class B common stock, payable on December 15, 2024, to shareholders of record on December 2, 2024. On October 24, 2024, the Company’s board of directors approved an amendment (the “Second Amendment”) to the 2016 Incentive Plan reducing the number of shares of common stock available for issuance under the 2016 Incentive Plan. Under the Second Amendment, the aggregate number of shares of common stock that are available for issuance under awards granted pursuant to the 2016 Incentive Plan made on or after October 24, 2024 is equal to the sum of (i) 8,000,000 shares and (ii) an increase on April 1, 2025 equal to the lesser of (a) 6,540,659 shares, (b) 6% of the shares of Class A common stock and Class B common stock outstanding on March 31, 2025, assuming the conversion of any shares of preferred stock, and including shares issuable upon the exercise or payment of stock options, warrants and other equity securities with respect to which shares have not actually been issued and (c) such smaller number of shares as may be determined by the Board, which may be issued as shares of Class A common stock or shares of Class B common stock, as determined by the Administrator of the 2016 Incentive Plan in its sole discretion and to the extent such class of common stock exists from time to time. A copy of the Second Amendment is filed as Exhibit 10.1 hereto and is incorporated by reference.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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