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Treasury Stock | 3 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Treasury Stock | Note 4 — Treasury Stock The Board initially approved the commencement of a stock repurchase program in 1996 (the “stock repurchase program”). In 2022, the Board authorized the repurchase of additional shares under the stock repurchase program, thereby increasing the total number of shares of common stock approved for repurchase under the program to 117,000,000. The stock repurchase program does not obligate the Company to acquire any amount of common stock and may be suspended or discontinued at any time at its discretion. Since the commencement of the stock repurchase program, the Company has used approximately $841 million to repurchase 114,563,796 shares of its common stock, which equals approximately 69% of the shares of common stock that would have been outstanding had there been no repurchases. The average price at which shares have been repurchased under the program is $7.34 per share. These repurchases were funded primarily by the net income of the Company, along with proceeds from the exercise of stock options. During the three months ended June 30, 2025, the Company repurchased 87,105 shares of common stock for approximately $9.6 million at an average price of $110.01 per share. The Company had 51,325,363 shares of common stock outstanding as of June 30, 2025, net of the 114,563,796 shares held in treasury. During the period subsequent to the quarter ended June 30, 2025, the Company repurchased 52,855 shares of the common stock for $5.0 million at an average price of $94.58 per share.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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