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Earnings Per Share (Table Text Block)

12 Months Ended

Mar. 31, 2025

Earnings Per Share Calculation Basic Diluted Earnings Per Share Voting Non Voting Common Stock

The calculation of basic and diluted earnings per share for the years ending March 31, 2025, 2024 and 2023 for our Voting Common Stock and Non-Voting Common Stock is as follows:


		For the Year Ending
		March 31,
		2025				2024				2023

		(In thousands, except share and per share amounts)

Weighted average shares outstanding of Voting Common Stock			19,607,788				19,607,788				19,607,788
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock			196,077,880				196,077,880				196,077,880
Percent of weighted average shares outstanding of Voting Common Stock			10	%			10	%			10	%

Net earnings available to common stockholders	$		367,090		$		628,707		$		924,472
Voting Common Stock dividends declared and paid			—				—				(19,608	)
Non-Voting Common Stock dividends declared and paid			(35,294	)			(31,765	)			(14,117	)
Undistributed earnings available to common stockholders	$		331,796		$		596,942		$		890,747
Undistributed earnings available to common stockholders allocated to Voting Common Stock	$		33,180		$		59,694		$		89,075

Undistributed earnings per share of Voting Common Stock	$		1.69		$		3.04		$		4.54
Dividends declared per share of Voting Common Stock	$		—		$		—		$		1.00
Basic and diluted earnings per share of Voting Common Stock	$		1.69		$		3.04		$		5.54


Weighted average shares outstanding of Non-Voting Common Stock			176,470,092				176,470,092				176,470,092
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock			196,077,880				196,077,880				196,077,880
Percent of weighted average shares outstanding of Non-Voting Common Stock			90	%			90	%			90	%

Net earnings available to common stockholders	$		367,090		$		628,707		$		924,472
Voting Common Stock dividends declared and paid			—				—				(19,608	)
Non-Voting Common Stock dividends declared and paid			(35,294	)			(31,765	)			(14,117	)
Undistributed earnings available to common stockholders	$		331,796		$		596,942		$		890,747
Undistributed earnings available to common stockholders allocated to Non-Voting Common Stock	$		298,616		$		537,248		$		801,672

Undistributed earnings per share of Non-Voting Common Stock	$		1.69		$		3.04		$		4.54
Dividends declared per share of Non-Voting Common Stock	$		0.20		$		0.18		$		0.08
Basic and diluted earnings per share of Non-Voting Common Stock	$		1.89		$		3.22		$		4.62