Stockholders' Equity

12 Months Ended

Mar. 31, 2021

Stockholders' Equity Note [Abstract]

The Company is authorized to issue 250.0 million shares of common stock, $0.01 par value per share, and 5.0 million shares of preferred stock, $0.01 par value per share. The Board of Directors may direct the issuance of the undesignated preferred stock in one or more series and determine preferences, privileges and restrictions thereof.

Each share of common stock has the right to one vote on all matters submitted to a vote of stockholders. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to prior rights of holders of all classes of stock outstanding having priority rights as to dividends. No dividends have been declared or paid on the Company's common stock through March 31, 2021.

During the years ended March 31, 2021 and 2020, we repurchased shares of our common stock and recorded them as treasury stock. Our share repurchases consisted of the following:


	Year Ended March 31,
	2021	2020
Shares repurchased pursuant to the provisions of the various employee restricted stock awards:
Number of shares	31,117	31,018
Average price per share	$39.91	$31.39
Total amount repurchased	$1.2 million	$1.0 million

Shares repurchased in conjunction with our share repurchase program:
Number of shares	337,117	1,816,901
Average price per share	$35.20	$31.22
Total amount repurchased	$11.9 million	$56.7 million