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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Class A Common Stock
Common Stock
Class A Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning of period (in shares) at Mar. 31, 2023     165,872,332        
Beginning of period at Mar. 31, 2023 $ 992,002   $ 1,659 $ (1,859,905) $ 769,460 $ 2,051,455 $ 29,333
Beginning of period (in shares) at Mar. 31, 2023       (34,234,744)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     610,945        
Issuance of common stock 20,899   $ 6   20,893    
Stock options exercised (in shares)     315,796        
Stock options exercised 14,409   $ 3   14,406    
Repurchase of common stock (in shares)   (2,500,000)   (2,625,279) [1]      
Repurchase of common stock (289,829) [1] $ (272,800)   $ (289,829) [1]      
Net income 477,750         477,750  
Other comprehensive income (loss), net of tax (3,830)           (3,830)
Dividends paid (186,435)         (186,435)  
Stock-based compensation expense 61,277       61,277    
End of period (in shares) at Dec. 31, 2023     166,799,073        
End of period at Dec. 31, 2023 1,086,243   $ 1,668 $ (2,149,734) 866,036 2,342,770 25,503
End of period (in shares) at Dec. 31, 2023       (36,860,023)      
Beginning of period (in shares) at Sep. 30, 2023     166,669,125        
Beginning of period at Sep. 30, 2023 1,072,130   $ 1,667 $ (2,054,418) 834,042 2,258,947 31,892
Beginning of period (in shares) at Sep. 30, 2023       (36,095,259)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     106,446        
Issuance of common stock 6,952   $ 1   6,951    
Stock options exercised (in shares)     23,502        
Stock options exercised 1,276       1,276    
Repurchase of common stock (in shares)   (800,000)   (764,764) [2]      
Repurchase of common stock (95,316) [2] $ (92,700)   $ (95,316) [2]      
Net income 145,644         145,644  
Other comprehensive income (loss), net of tax (6,389)           (6,389)
Dividends paid (61,821)         (61,821)  
Stock-based compensation expense 23,767       23,767    
End of period (in shares) at Dec. 31, 2023     166,799,073        
End of period at Dec. 31, 2023 $ 1,086,243   $ 1,668 $ (2,149,734) 866,036 2,342,770 25,503
End of period (in shares) at Dec. 31, 2023       (36,860,023)      
Beginning of period (in shares) at Mar. 31, 2024 129,643,123   167,402,268        
Beginning of period at Mar. 31, 2024 $ 1,046,562   $ 1,674 $ (2,277,546) 908,837 2,404,065 9,532
Beginning of period (in shares) at Mar. 31, 2024 (37,759,145)     (37,759,145)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     483,438        
Issuance of common stock $ 25,098   $ 5   25,093    
Stock options exercised (in shares)     97,925        
Stock options exercised 5,000   $ 1   4,999    
Repurchase of common stock (in shares)   (3,000,000.0)   (3,121,921) [3]      
Repurchase of common stock (474,537) [3] $ (453,500)   $ (474,537) [3]      
Net income 742,295         742,295  
Other comprehensive income (loss), net of tax (6,397)           (6,397)
Dividends paid (198,934)         (198,934)  
Stock-based compensation expense $ 70,830       70,830    
End of period (in shares) at Dec. 31, 2024 127,102,565   167,983,631        
End of period at Dec. 31, 2024 $ 1,209,917   $ 1,680 $ (2,752,083) 1,009,759 2,947,426 3,135
End of period (in shares) at Dec. 31, 2024 (40,881,066)     (40,881,066)      
Beginning of period (in shares) at Sep. 30, 2024     167,841,004        
Beginning of period at Sep. 30, 2024 $ 1,200,769   $ 1,678 $ (2,601,927) 975,216 2,826,078 (276)
Beginning of period (in shares) at Sep. 30, 2024       (39,939,116)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     134,666        
Issuance of common stock 9,061   $ 2   9,059    
Stock options exercised (in shares)     7,961        
Stock options exercised 366       366    
Repurchase of common stock (in shares)   (900,000)   (941,950) [4]      
Repurchase of common stock (150,156) [4] $ (145,000)   $ (150,156) [4]      
Net income 186,950         186,950  
Other comprehensive income (loss), net of tax 3,411           3,411
Dividends paid (65,602)         (65,602)  
Stock-based compensation expense $ 25,118       25,118    
End of period (in shares) at Dec. 31, 2024 127,102,565   167,983,631        
End of period at Dec. 31, 2024 $ 1,209,917   $ 1,680 $ (2,752,083) $ 1,009,759 $ 2,947,426 $ 3,135
End of period (in shares) at Dec. 31, 2024 (40,881,066)     (40,881,066)      
[1] During the nine months ended December 31, 2023, the Company purchased 2.5 million shares of the Company’s Class A Common Stock for $272.8 million. Additionally, the Company repurchased shares for $14.9 million during the nine months ended December 31, 2023 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[2] During the three months ended December 31, 2023, the Company purchased 0.8 million shares of the Company’s Class A Common Stock for $92.7 million. Additionally, the Company repurchased shares for $1.8 million during the three months ended December 31, 2023 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[3] During the nine months ended December 31, 2024, the Company purchased 3.0 million shares of the Company’s Class A Common Stock for $453.5 million. Additionally, the Company repurchased shares for $17.1 million during the nine months ended December 31, 2024 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[4] During the three months ended December 31, 2024, the Company purchased 0.9 million shares of the Company’s Class A Common Stock for $145.0 million. Additionally, the Company repurchased shares for $3.8 million during the three months ended December 31, 2024 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.